Applications are now open for a program that helps low-income households with delinquent mortgage payments.
$714,000 in CARES Act funds were released to the Guam Housing Corporation by GHURA.
The funds will help qualifying households catch up on mortgage payments that are behind by as many as three months.
To qualify, the home must be owner-occupied. Homeowners must have lost their job or had their pay reduced due to the pandemic. And their income must be below Guam’s low-to-moderate income limit.
Households will qualify even if their income exceeded the low-to-moderate income limit prior to the pandemic.
Alice Taijeron, president of the Guam Housing Corporation, says they expect to be able to help up to 200 homeowners.
“Please spread the word. Talk to families, talk to friends who may be eligible for this. We really want to help families out there who need this right now,” Taijeron said.
The application packet is available online at the Guam Housing Corporation’s website.
Hard copies can also be picked up at their office at the ITC Building in Tamuning.