GHC allowed to adjust housing income eligibility; mortgage relief program extended

Guam Housing Corporation (file photo)

The Guam Housing Corporation (GHC) announces updates to Guam’s COVID-19 Mortgage Relief Program. GHC received approval from the U.S. Housing and Urban Development to use the Internal Revenue Service (IRS) 1040 Adjusted Gross Income method to determine income eligibility under the program.

The IRS 1040 process excludes real property assets from household income which in many cases resulted in applicants being deemed ineligible for mortgage relief assistance.

“We anticipate more families will qualify for mortgage relief assistance utilizing the IRS 1040 method. The Leon Guerrero / Tenorio Administration remains committed to help families have a safe and secure home as they navigate the evolving challenges of COVID.” said Edith Pangelinan, Acting President of GHC. “Effective May 1, 2021, GHC will utilize the IRS 1040 method to determine income eligibility for the program. I highly encourage homeowners impacted by COVID-19 and who are behind with their mortgage payments to apply for assistance.

For applicants who were previously disapproved from the program please contact our office for assistance.”

An extension was also approved for the mortgage relief program. Applications will now be accepted until June 4, 2021. Only complete applications will be accepted.

To be eligible to receive relief assistance mortgage holders must meet the following four criteria:

  1. Owner-occupied primary home; and
  2. Lost their job or experienced a reduction in work hours as a result of COVID-19; and
  3. Mortgage loan status is delinquent; and
  4. Household income is below the low to moderate-income limit.

The updated application packet is available on GHC‘s website at and/or hard copies can be picked up right outside of GHC’s office located on the 5th floor of the ITC building in Tamuning. Applications must be submitted to GHC’s ITC office.

GHC received $714,000 from the Guam Housing and Urban Renewal Authority (GHURA) Community Development Block Grant-Coronavirus fund, to administer and implement the Mortgage Relief Program. These funds are authorized by the CARES Act to prevent, prepare for and respond to the COVID-19 pandemic.

For more information, contact the Guam Housing Corporation at 647-4143 or visit their website at .


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