12 Guam Code Ann. § 58301
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I Liheslaturan Guåhan finds that there is a need to create a Special Qualifying Certificate Program, to be known as the Åkton GUMA (Group Use Manåmko Accommodations) Incentive Act, stimulating economic activity through the construction of new elderly housing development projects or the substantial renovation of existing multi-family structures for conversion to elderly residential living accommodations that increases the availability of elderly housing accommodations.
This Article attempts to foster the development and operations of manåmko residential living accommodations from the Government of Guam to non-profit and private sector operators. Incentivizing elderly development would assist developers in offsetting the rising costs of construction, supplies, and the limitations associated with labor availability and cost.
