Guam - A total of 18 families are now a step closer to reaching the Guamanian dream of owning a home. This as Governor Eddie Calvo signed over $150,000 worth of First-Time Homeowner Assistance Grants this morning.
The grant is made possible through the Guam Housing Corporation and legislation recently signed into public law. Governor Calvo hopes the people of Guam will participate in all of the programs not only offered by the land and housing agencies on Guam but by the private and federal sector as well. He said, "But there are so many programs now available and a lot some folks aren't aware, and again just for closing costs and for some folks that's all that they need just the closing costs."
Since the beginning of the administration, a total of $662,000 has been distributed to 93 families as part of the First Time Home Owners Assistance Grant program. GHC has a pot of $1.2 million in total to distribute - this as a result of Bill 79 which transferred dormant and unclaimed funds from the Treasurer of Guam to Guam Housing.