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THERE are now 60 new units available for low-income families at the Ironwood Heights complex in Tamuning.
Yesterday morning, a ribbon-cutting ceremony was held at the complex for the completion of Phase II, which brings the number of homes available at Ironwood Heights to 132. There are currently 72 units that are occupied.
At the new section of the area are 24 two-bedroom units and 36 three-bedroom units. The complex also has six ADA-accessible units. The two-bedroom units are $581 a month; the three-bedroom units are $642 a month.
There are community-focused activities and resident services such as the IronKids after-school program for elementary school children as well as various adult career and financial training seminars.
Founder of Ironwood, Rick Inman said creating neighborhoods like Ironwood Heights is something he and co-founder Carlos Camacho enjoy and appreciate.
“It also makes good business sense,” he said.
Guam Housing and Urban Renewal Authority General Manager Ray Topasna commended Ironwood for the completion of Phase II ahead of schedule and on budget. Topasna said the tax credit program and the related 1602 exchange program has funded the construction of about 432 homes since 2005 when Guam first started participating in the tax credit program.
He noted there are plans to build around 151 more homes in order to meet a deadline set for December 2013.
Lt. Gov. Ray Tenorio, the keynote speaker for the ceremony, stressed that the purpose of projects like Ironwood is to provide a permanent yet affordable home for residents.
“This is what the Guamanian dream is all about,” he said.
Also making comments was Sen. Tina Muña-Barnes, housing committee oversight chairperson.
“These homes mean stronger connections between people and their communities. This stability also increases opportunities for our island’s youth and families,” she said.
One new resident was elated about living in the complex. “It’s a safe place for a family to live in,” said Christine Morales, referring to the around-the-clock security cameras set up throughout the compound.