California Bill Advances Home Loans for Illegal Immigrants

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.