California Bill Allowing Illegal Immigrants Home Loan Assistance

SOURCE www.foxnews.com
California lawmakers pass a bill allowing illegal immigrants to apply for home loan assistance under the 'California Dream for All' program, despite funds running out and concerns about eligibility criteria.

Key Points

  • AB 1840 allows undocumented immigrants to apply for California Dream for All Program
  • Program offers up to 20% of a home's value or $150,000 as down payment assistance
  • Bill needs to be signed by California Governor Gavin Newsom to become law

Pros

  • Expands access to home purchase assistance program for first-time homebuyers
  • Supports undocumented immigrants in achieving homeownership

Cons

  • Funds for the program have run out
  • Concerns about potential exclusion of other groups like veterans from the program