GHURA breaks ground on new homes
The Guam Housing and Urban Renewal Authority kicked off its 50th anniversary this year by doing what it does best - providing affordable homes for the people of Guam.
By KUAM NewsGuam - The Guam Housing and Urban Renewal Authority kicked off its 50th anniversary this year by doing what it does best - providing affordable homes for the people of Guam. In the Machanao and Machananao area of Dededo this morning, GHURA along with several other partners broke ground for the first five of ten homes.
GHURA executive director Marcel Camacho says it's the first step in their effort to build affordable homes to purchase rather than just for rent, telling KUAM News, "I think it's significant that we're developing single family homes that are affordable that we can move people into that can make the payments on these homes instead of just building rental homes. And it's our intent for the future to build more and more homes for people to buy instead of being reliant of the subsidies from HUD and from USDA rural development."
Each home will be about 1,400 square feet featuring three bedrooms, bathrooms and garages. The first five homes are set to be completed by the summer of this year with the second five set for completion by the end of 2012. He adds by the end of the year, GHURA hopes to have started construction of at least a thousand homes as part of Governor Eddie Calvo's initiative to build 3,000 affordable homes within the next six years.