California is poised to make history for offering state-financed mortgage assistance to illegal immigrants.
According to combined media reports, the proposed legislation AB 1840 would require the California Dream for All Shared Appreciation Loans program to overlook the immigration status of applicants for loans that are up to 20% of the home’s purchase price, with assistance provided up to $150,000 per person. The only interest paid on this loan is 15% or 20% of the home’s increase in value upon selling the property, depending on their income level. The program is run by the California Housing Finance Agency and receives state funding.
The bill has already passed the state’s Assembly and the Senate is expected to vote on the measure this week. Gov. Gavin Newsom has not publicly stated if he would sign the bill into law.
The bill’s author, State Rep. Joaquin Arambula (D-Fresno), has sought to downplay the immigrant status nature of his bill by highlighting that applicants must meet Fannie Mae requirements, including having a taxpayer identification number or a Social Security number to prove they are taxpayers.
“We simply wanted to be as inclusive as possible within our policies so that all who are paying taxes here in our state were able to qualify,” Arambula said in an interview with Politico. “Without the intentional law that we are introducing, we felt that there were complexities and questions that many in the immigrant community would have.”
Competition for the program is tight – 18,000 individuals applied for the $255 million program this year through a lottery, resulting in 1,700 applicants winning up to $150,000 each towards down payment and closing costs.
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WHAT’S NEXT PAY ALL THEEIR CREDIT CARDS OFF FOR THEM.
Really! We can’t feed and house our own LEGAL citizens, this is RIDICULOUS!!!
Just when I thought California and its Governor couldn’t get more screwed up!
This challenges the limits of imagination!
Are you kidding me? What do you politicians think illegal means. I am NOT paying for illegal assistance. Deport them
You will be if this passes!
They’re going to bankrupt our state to oblivion. They get free health care, money now housing? THIS IS CRAZY!
Our own citizens can’t afford housing, home insurance, health insurance, healthcare but illegals get that all free.
United States is heading for a disaster.
And y’all keep voting for people with a D after their names. ???
These folks may be “undocumented” but they work AND pay taxes: state and federal. If you live in California and you don’t like it, contact your local representative.
undocumented = illegal. Let’s not try to make it ok by using a different “softer” term. You want the privilege of being a US citizen then do it the right way, follow the rules and laws like everyone else THEN you can have the same benefits and rights.
Stupid is, stupid does, government no longer cares about their own!!!
This is our future for our country under Kamala who is a California true blood. Incredible… my goodness.
If illegal immigrants are being helped with the housing, Why not help the the working people who also dream of owning a home? We pay high taxes in California too! I don’t think Governor Newsom
This is part of the Great Reset, aka Agenda 2030, aka Agenda 2050, aka the New World Order. First America & all it stands for must be destroyed. Another move to piss you off, keep you demoralized. We are in a controlled demolition; death of a thousand cuts. Yes quit voting for anyone w a D by their name, that entire party has been infiltrated by Marxist, anti-Americans. Contact newsomes offc let him know this is WRONG! Even if you’re not a resident of CA!
Brother you’re the only guy here who gets the full picture, it’s the plan to bankrupt Amerika and bring in the new Digital Currency and reset.
🎯🎯🎯 Oliver!
You hit the nail on the head Jay! We moved out of Commifornia 2 years ago and became residents of Tennessee. At least in this red state, most of this government care about the American People. Everyone needs to wake up, they are out to destroy the United States of America🤬🤬. And when did we first hear about wealth distribution?? That’s right O’Bummer!🤬🤬
I don’t think Governor Newsome will sign that.
First recall Newsom and then get the buses trsfy
Rep. Joaquin Arambula (D-Fresno) Is more loyal to Mexicans citizens than he is to American citizens. Wake up Fresno, you can do better….
What an idiot, there’s no words to describe that moron. He’s destroyed California I hope people wake up on election. Day because you keep voting blue. This is what’s going to keep happening. You won’t know what this country is in 4 years.
Exactly Adriene!
Did taxpayers vote for this?!? This is YOUR money they are freely giving away when you can’t even afford your housing, food, gas, utilities, etc!! INSANE
If Newsom continues this path and the liberal lawmakers of the state are allowed to stay in power, California will become a failed state. With companies leaving and taking higher wage jobs away there will be no one left to tax but those who can barely get by.
So long as the great big BLUE state of California keeps taxing the working people into oblivion while catering to those who have entered the state illegally with freebies galore, presidential elections aren’t going to change how the federal government takes care of its middle and lower income citizens. I don’t know how most citizens can afford to live in California. And what happens in California so often travels across the country and forever changes well-working states to mirror the insane workings of California.
Illegal immigrants are human beings, with pain and feelings just as any other human.
Besides, these illegal immigrants work harder then any normal human, they work in any condition of weather, while some people are on the couch collecting unemployment and complaining about our Country and our government.