Guam News - Guam News
Guam - The Guam Housing and Urban Renewal Authority board has decided to grant Tower 70's request for a site change for their low income housing tax credit housing project.
This request for a site change was protested by Carlos Camacho who is the Executive Director of Micronesia Community Development Corporation which is a company that also applied for these tax credits. In his letter Camacho said that "Tower 70's request for a change in project site is a material change to it's application and violates the express terms and conditions of GHURA's Qualified Application Plan.”
Nevertheless the board on Thursday voted to grant the request with some conditions.
Dim lights Embed Embed this video on your site
GHURA Acting Executive Director Ray Topasna explains. "The first item is there has to be a good faith deposit of 5% and that's due five days from when we send them a letter the second requirement is that they have to issue a public notice basically explaining the reason for the site change and the third requirement which is the most important one is they have to work in tandem with my technical team to ensure that they're fully complying with all local and federal regulations,” explained Topasna.
Tower 70 has proposed different sites however the one they have placed the most emphasis on is an area located behind the former MGM Spa in Tamuning.
|< Prev||Next >|