Certificates presented under first-time homeowner assistance program

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During a ceremony in Adelup, Acting Governor Josh Tenorio congratulated the recipients on finding homes during the pandemic. (PNC photo)

Certificates were presented to those who qualified for the first-time homeowner assistance program.

Seven new households were made possible thanks to the First-Time Homeowner Assistance Program.

Under the program, the Guam Housing Corporation provides mortgage financing for first-time homeowners in the low to moderate income range.

In June, Governor Lou Leon Guerrero signed a bill to raise the maximum allowable price for a home under the program from $300,000 to $375,000.

That was to reflect the increase in housing prices over the years.

During a ceremony in Adelup, Acting Governor Josh Tenorio congratulated the recipients on finding homes during the pandemic.

“I just wanted to congratulate you for finding a home, or building a home, in the most challenging environment in housing that we’ve experienced in such a long time. Really, for you to be able to go and find these homes in a complicated time, I have to say you must be awesome, awesome planners and executioners. Because it’s a difficult situation out there. But that makes this presentation even that much more special, or better, I think,” Tenorio said.

By the end of the ceremony, seven recipients — individuals, couples, and families — were presented with their certificates.

“As they say, there’s no place like home. And I really hope you enjoy yourself and your family there. Congratulations on this feat. It’s really a complicated market out there, but you’ve all been able to, I think with some of God’s blessings, so congratulations,” Tenorio said.

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