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As-Tumbo Affordable Housing Project
The Guam Housing and Urban Renewal Authority as mandated
by Public Law 25-129 (Enacted May 22, 2000), has been
authorized to engage in the development of forty (40)
detached single family dwellings, in the subdivision
of Astumbo, Dededo. As mandated by law the Authority
shall sell the residential lots and homes at below fair
market value, to families or heads of households who
are bona fide residents of Guam. Sale of lots and homes
shall be in accordance to policies and procedures as
adopted by the Board of Commissioners of the Guam Housing
and Urban Renewal Authority.
The sale of each home shall be in accordance with and
limited to the following preferences:
A. First Preference shall
be given to tenants of low-rent housing programs operated
by the Guam Housing Corporation or Authority, and adult
children of grantees of lots in the Astumbo Subdivision,
who are without fee title to any real property in or
out of Guam and who qualify as low and moderate income.
B. Second Preference shall
be given to residents of Guam without fee title to any
real property in or out of Guam and who qualify as low
and moderate income.
To be eligible for the program a family must:
- Have resided on Guam for not less than (5) years
preceding the application;
- Be without fee simple title to developed or developable
real property in or out of Guam;
- Not have a lease or reservation to lease a residential
lot or cancel the lease or interest prior to the closing
of the purchase of a home under this program;
- Be able to secure a mortgage loan from a bona fide
lending institution to finance the purchase of a home
under this program;
- Household income shall not exceed 80% of the median
income for Guam;
- Eligible applicants must also complete GHURA's,
First Step Homeownership Education Program.
For more information, please contact GHURA, Community
Development Division at 475-1302/18/19/21.
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