Guam - The Guam Housing and Urban Renewal Authority board has accepted the resignation of Marcel Camacho. Camacho was placed on administrative leave with pay last month. The board did not disclose the reasons for placing Camacho on such leave, but the parties did have some disagreements on several issues including Camacho's criticism of the Sagan Bonita subdivision.

The board called his comments "unprofessional and uncalled for".  Ray Topasna has been named the acting director for the time being.

Camacho submitted his resignation to the governor today, officially putting in his two weeks.  According to his resignation letter, Camacho says he disagreed with the way the board handled the Low Income Housing Tax credits that were awarded last year.  Camacho says he didn't sign off on the board's decision because it went against his ethics and beliefs and referred to "irregularities" with the handling of the LIHTC.  GHURA Board Chair Dave Sablan says the board did everything in the open and did nothing unethical.  

Camacho has decided to return to the private sector.  It is unclear whether he will continue to sit on the Governor's Affordable Homes Coordinating Council.  Ray Topasna has been named the acting director and Millie Taitano has been tapped as the deputy.


Marcel G. Camacho
P.O. Box 11194
Tamuning, Guam 96931

March 19, 2012

Eddie Baza Calvo
Governor of Guam
Hand Delivered

Dear Governor Calvo,I want to thank you for the opportunity you afforded me to serve the people of Guam once again.  Your confidence and trust in my abilities fourteen months ago was inspiring.  At that time, I expressed my eagerness and excitement to serve as a member of your cabinet, and to fulfill our commitment to the residents of the island to bring affordable housing to within reach of those who so need it.  I'm proud of the accomplishments we've made at GHURA over this time period.

Today however, I've made a decision to submit my resignation and to return to the private sector. It is no secret that the Guam Housing and Urban Renewal Authority (GHURA) Board of Directors and I have been at odds on some major issues.  In due course, the true reasons for our disagreements will surface.

What I can share today is that the proper authorities have already been notified by others of some of the irregularities in the handling if the Low Income Housing Tax Credit (LIHTC) allocation last year.

Upon further investigation, all will discover that I refused to complete the LIHTC transactions when asked to sign as the Executive Director, because I believed that it was in my best interest based on my moral and ethical standards.

The misguided accusations and intimidation directed at me and my family since the LIHTC incident were neither warranted nor professional, and I was truly shocked that people we all know would stoop so low.  All along I was attempting to do my job with integrity and within the limits of both federal and local laws, and to serve the people with their needs at heart.

I pray that some major changes occur with the GHURA Board of Directors. GHURA was such a wonderful place to work, and the mission was so gratifying. If things remain status quo, a lot of people will lose confidence in a government entity that consistently shined and out-performed because of the staff's dedication to their work and the people they serve.

As a usual courtesy, I hereby submit my resignation to be effective in two weeks.
Once again, I thank you for the opportunity to serve the people of Guam.



Marcel G. Camacho
cc: GHURA Board of Commissioners