Fifty new apartments for low-income families will open Friday in Mongmong-Toto-Maite.
The ribbon for Phase One of Ironwood Villa Del Mar will be cut at 10 a.m., according to Ironwood Guam Development President Carlos Camacho.
The grand opening will coincide with a groundbreaking ceremony for the second phase of the project, which will comprise 88 units.
Phase Two of the project is expected to take about 14 to 15 months to finish, Camacho said.
Playground and community center
The development includes a playground and community center equipped with Wi-Fi.
Camacho said Villa Del Mar will offer programs at the center, such as “Parents' Night Out.”
“We provide entertainment and other programs while the parents go out to dinner,” he said, “There are extra perks that are not normal in the open market community.”
Camacho said he will unveil some “financial benefits” at the ceremony for the residents.
“We are looking also to provide long-term financial, sustainable impacts to our families,” Camacho said.
The complex is made up of three- or four-bedroom, two-bathroom, two-story apartment units complete with a fully tiled modern kitchen design.
A family’s household income must not exceed 60% of the U.S. Department of Housing and Urban Development income limit in order to be eligible to live at the Villa Del Mar.