by Nick Delgado
Guam - The Guam Housing and Urban Renewal Authority has been awarded $1.5 million from the HUD Capital Fund Program. The funding will be used by GHURA to modernize affordable housing units on the island. Congresswoman Madeleine Bordallo wrote of the news, "The announcement of this grant is timely as the 2010 Affordable Housing Symposium begins today on Guam, and participants at the symposium will be working to address the issue of affordable housing on Guam.
"The grant received today from HUD is an example of how the Government of Guam can benefit from federal assistance for affordable housing, and I look forward to this federal grant benefiting our community."