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VisitWhat will be the outcome of the 'California Dream for All' loan program bill in the California State Senate by November 30, 2024?
Passes with majority vote • 33%
Passes with supermajority vote • 33%
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Official records from the California State Senate or news reports from reputable sources
California Advances Bill for $150K Home Loans to Undocumented Immigrants
Aug 26, 2024, 06:37 PM
The California State Senate Appropriations Committee has advanced a bill that would allow undocumented immigrants to access state-supported home loans with zero down payment and 0% interest. The proposal, known as the "California Dream for All" loan program, could provide up to $150,000 in down payment assistance to eligible applicants. This initiative, which is likely to pass due to the Democratic supermajority in the legislature, aims to expand homeownership opportunities for undocumented immigrants. Governor Gavin Newsom is expected to sign the bill, which has sparked significant debate over its financial implications and fairness to taxpayers.
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