Government Participation

The Government shall provide Interest Free Loans to qualified families or individuals. The Interest Free Loans shall be COL9/7/2021 CH. 4 GUAM HOUSING CORPORATION given in accordance to the schedule set forth in § 4207 within the income limits and maximum loan amounts as follows:

(a)For families or individuals with adjusted incomes up to Forty Five Thousand Seven Hundred Eighty Dollars ($45,780), the Government’s participation shall be determined under Schedule I of § 4207.

(b)For families or individuals with adjusted incomes of more than Forty Five Thousand Seven Hundred Eighty Dollars ($45,780) up to Fifty Five Thousand Five Hundred Ninety Dollars ($55,590), the Government’s participation shall be determined under Schedule II of § 4207.

(c)For families or individuals with adjusted incomes of more than Fifty Five Thousand Five Hundred Ninety Dollars ($55,590) up to Sixty Five Thousand Four Hundred Dollars ($65,400), the Government’s participation shall be determined under Schedule III of § 4207. Income limits contained herein shall be adjusted by GHC as needed.