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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.