This bill, introduced by Frank F. Blas, Jr., aims to amend Chapter 61 of Title 21 of the Guam Code Annotated by adding a new section 61639(d). The new provision will allow for Horizontal Property Regimes and Time Share Ownerships under the Summary Zone Change Process specifically for properties zoned to R-2. This legislative change is motivated by the pressing housing needs of military service members and their families, which have significantly impacted the local housing market, making rentals unaffordable for the local populace.

The bill highlights the need for urgent action to address the housing shortage exacerbated by military buildup, as the military estimates a requirement for 1,800 to 2,000 housing units outside of its bases. The current Summary Zone Change Rules and Regulations restrict the conversion of R-2 zoned apartments into Horizontal Property Regimes or Time Share Ownership, which the bill seeks to amend. By updating these regulations, the bill aims to enhance housing availability and ownership options in Guam, reflecting the evolving needs of the community and the military.

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