House and Lot Program

In 2021, there is not a conventional way to buy land, build homes and finance homes that will be affordable for lower income families in Guam. The cost of land, cost of labor, cost of material and cost of capital puts the concept of home ownership beyond the means of many, if not most lower income Guamanians. In order to mitigate this problem, Carlos Camacho, founder and Executive Director of MCDC has combined a number of Government of Guam and Federal programs together that will enable the homes to be built and delivered to qualified homebuyers at significant discounts to current market rates. In addition, the programs that are outlined in section 3 of this document, provide mortgage financing that will fit within the budgets of most lower income families.