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Will the first home loan be disbursed under the 'California Dream for All' program by June 30, 2025?
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California•California Dream for All•California State Senate•Gavin Newsom•California Department of Finance
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Official announcements from the California Housing Finance Agency or news reports
Story
California Senate Passes AB 1840 for $150K Home Loans to Undocumented Immigrants
Aug 27, 2024, 01:01 AM
California lawmakers have passed AB 1840, a bill that allows undocumented immigrants to receive up to $150,000 in state-supported home loans through the 'California Dream for All' program. The measure, which aims to provide 20% down payment assistance, was approved by the California State Senate with a 23-11 vote. The bill now awaits Governor Gavin Newsom's signature to become law, with assembly approval expected. Despite the state's $60 billion budget deficit, the program is set to offer financial aid to undocumented immigrants without requiring any savings from recipients. However, the California Department of Finance has confirmed that there is currently no funding allocated for the program.
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