Hagåtña, Guam – On Thursday, Lieutenant Governor Josh Tenorio presented certificates of recognition to recipients of the First Time Homeowners Assistance Program, administered by the Guam Housing Corporation (GHC). The First Time Homeowners Assistance Program assists eligible individuals in purchasing their first home by helping them meet financial costs, closing expenses, and associated fees. Qualifying individuals receive 4% of the total purchase or construction price of their home, not to exceed the eligible transaction amount of $375,000, per Public Law 36-29.
“We approved 23 families for this latest batch of housing assistance grants totaling $219,000, and we remain committed to ensuring the people of Guam have reliable avenues in their search for a home,” said Governor Lou Leon Guerrero. “As we continue working to improve the quality of life for all, providing the foundation for our families to succeed is a strong place to start.”
“These are challenging times for first time homeowners who are facing an affordable housing crisis and a stabilizing economy, so we commend these beneficiaries on breaking through the barriers in order to achieve this milestone,” said Lt. Governor Tenorio. “Our Administration has fully supported the promise of this program and the promise of fair opportunities for Guam’s growing families. We are grateful to help this latest batch of recipients in realizing their dreams.”