The California Senate Appropriations Committee advanced a bill to allow undocumented immigrants to make use of the state's zero down, no payment home "loan" program, an expansion the legislature says would create "significant cost pressures."
Assembly Bill 1840 would allow expansion of the state's "California Dream for All Program" by preventing the exclusion of individuals based on their immigration status. AB1840 has already passed in the Assembly and will go to a floor vote in the state Senate.
While foreign-born individuals are able to purchase homes in the U.S. by using an individual tax identification number in the absence of a Social Security number, the bill is unique in that it helps offer the benefits of homeownership to everyone, its author said.
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Californians are reacting angrily to revelations that migrants who entered the US illegally could soon benefit from a taxpayer-funded state scheme to help hard-up residents buy homes. – [Dailymail](https://www.dailymail.co.uk/news/article-13762423/amp/Outrage-California-opens-300M-mortgage-support-scheme-migrants.html)
I’m sure that’s not going to end with a ton of defaults.
They don’t even have real names, I know because I work with them. Where’s all the Democratic bots at defending this nonsense.
That didn’t work for Clinton, housing bubble was caused because people couldn’t pay for it.
must be nice
Decent lenders will not get any of those loans through underwriting so it will be interesting to see what investors will be backing the financing and also who will be buying those loans in the secondary market.
Liberal scum.
It’s been 25 years since anyone but a dot com millionaire could afford a decent place in California. Why can’t we use this money to help citizens afford a house? (After Blackrock and Vanguard are forced to divest from the residential housing market).
They are doing this globally
I live in a major city and I leased apartments in a mixed residential property with 50% Market Rate rents and 50% affordable housing (in which applicants must have a job and make between say $30K-$40K to receive discounted housing). The property had about 104 units; so 52 Market Rate and 52 Affordable Housing. These were new units and the day they became available they had thousands of online applicants; within a month they had about 8,000 applicants for the Affordable Housing.
So city officials know they can’t even take care of the current population–and these people on the waiting list are watching ILLEGALS get free hotel and free prepaid cards.
The Elites are really fucking over Americans–workers’ wages, cost of housing and cost of healthcare…The Elites want the ILLEGALS to keep cost of labor low–nurses, construction, retail, food, delivery, etc. Meanwhile, the government is lying in their jobs report and they just revised it down by 1 million…
If I leave the country and come back illegally, do I qualify?
clearly nobody read the law, which hasn’t pased.
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml
all it does is prohibit somebody who qualified for a loan to be denied because of their immigration status.
a separate thing being included for the headlines is the CA Dream for all
this is a 0% down program for low income people. it is a separate program by California where they will loan you the 20% in exchange for you owing them 20% plus gains if you sell the house. this is a very restricted program that barely anyone qualifies for, including the people with illegal immigration statuses.
you have to be paying taxes for at least 2 years (need income tax documents), be a first time home buyer, and your parents can’t own a home. also you get chosen by a lottery system. and most importantly, you can only buy a home less than 700k, and the state ran out of money for this program within the first month.
the only conspiracy here is OP falling for click bait
Jews get the same treatment from a lot of different sources. Kinda makes you wonder about some things