California Bill Advances Home Loans for Illegal Immigrants
California Bill Advances Home Loans for Illegal Immigrants
California Bill Advances Home Loans for Illegal Immigrants
News summary

California's Senate Appropriations Committee has advanced Assembly Bill 1840, which would allow illegal immigrants to participate in the state's California Dream For All Program, a home loan initiative for first-time buyers. The bill, introduced by Assemblyman Joaquin Arambula, removes immigration status as a disqualifying factor and has passed the Assembly, awaiting a Senate floor vote and potentially Governor Gavin Newsom's signature. Critics, including San Diego County Supervisor Jim Desmond, argue that the bill prioritizes illegal immigrants over citizens and poses significant financial risks to taxpayers. The program offers interest-free loans up to 20% of a home's value, with repayment expected upon sale, transfer, or refinancing of the property. Despite concerns over cost pressures, the program's popularity is high, with funds being depleted quickly due to high demand. Supporters argue that homeownership is a critical path to financial security and should be accessible to all residents regardless of immigration status.

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Newsweek
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California moves toward zero-down-payment mortgages for illegal immigrants
The state where migrants get $30K home grants but citizens are cut out
Tax-Funded Group Offering $30,000 For Non-Citizens In Oregon
Illegal aliens in Calif. may soon be eligible for state home 'loan' requiring no money down, no payments
Bias Distribution
88% Right
Information Sources
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+4
C
Right 88%
Coverage Details
Total News Sources
8
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0
Center
1
Right
7
Unrated
0
Last Updated
27 days ago
Bias Distribution
88% Right

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Story Coverage
alt
Newsweek
$
Center
California moves toward zero-down-payment mortgages for illegal immigrants
The state where migrants get $30K home grants but citizens are cut out
Tax-Funded Group Offering $30,000 For Non-Citizens In Oregon
Illegal aliens in Calif. may soon be eligible for state home 'loan' requiring no money down, no payments
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