Judge reviewing GHURA's award of tax credits - KUAM.com-KUAM News: On Air. Online. On Demand.

Judge reviewing GHURA's award of tax credits

Posted: Updated:

by Mindy Aguon

Guam - Agat Housing Partners is waiting on Superior Court Judge Vern Perez to determine whether the Guam Housing and Urban Renewal Authority made the right decision when it allocated $2.4 million in tax credits to Ironwood Heights Guam, LLC. As we reported last year, Agat Housing Partners alleged GHURA violated the Low-Income Housing Tax Credit Program by accepting solicitations from Ironwood Heights Guam, LLC that allegedly wasn't a legal organized entity at the time they received the award. 

In January the judge denied GHURA's motions to dismiss the suit and said he would review the agency's decision making process in awarding the tax credits. GHURA was also ordered to desist from further proceedings concerning the LIHTC program.

GHURA legal counsel Mark Smith says a decision must be made soon, otherwise Guam could lose out on the project financing.

  • NEWS HEADLINESMore>>

  • Pair Arrested After Police Raid Harmon Home

    Pair Arrested After Police Raid Harmon Home

    Guam police received a tip about illegal drug activity at a home in Harmon before they placed two people under arrest. Fernando Cruz Flores, 59, and Sandy Marie Duran, 33, are charged with illegal possession of a schedule II controlled substance, drug posMore >>
    Guam police received a tip about illegal drug activity at a home in Harmon before they placed two people under arrest. Fernando Cruz Flores, 59, and Sandy Marie Duran, 33, are charged with illegal possession of a schedule II controlled substance, drug posMore >>
  • Federal charges brought against Vincent Lujan for drugs

    Federal charges brought against Vincent Lujan for drugs

    Unsealed in the District Court of Guam this week. Vincent Q. Lujan will face a federal jury later this year on drug charges. According to court documents, from July 2017 to the time of the indictment, Lujan allegedly conspired with others to distribute 50More >>
    Unsealed in the District Court of Guam this week. Vincent Q. Lujan will face a federal jury later this year on drug charges. According to court documents, from July 2017 to the time of the indictment, Lujan allegedly conspired with others to distribute 50More >>
  • Oversight held for Rev & Tax

    Oversight held for Rev & Tax

    Senators held an oversight hearing with the Department of Revenue & Taxation to talk about a variety of issues from collection to compliance. Director John Camacho was also asked about Section 30 funds. These are the taxes paid by federal civilian and milMore >>
    Senators held an oversight hearing with the Department of Revenue & Taxation to talk about a variety of issues from collection to compliance. Director John Camacho was also asked about Section 30 funds. These are the taxes paid by federal civilian and milMore >>
Powered by Frankly