California Senate Approves Legislation To Provide $150K Home Purchase Loans To Illegal Immigrants, But There’s A Problem
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California Senate Approves Legislation To Provide $150K Home Purchase Loans To Illegal Immigrants, But There’s A Problem

The California Senate passed a controversial bill to provide loans up to $150,000 for illegal immigrants to purchase homes. “AB 1840 requires the California Housing Finance Authority’s home purchase assistance program, or California Dream for All Program, to include undocumented applicants,” Fox News reports. The bill passed 23-11. “Governor Gavin Newsom’s spokesperson said he would evaluate the bill on its merits if it reaches his desk. Critics argue that this measure could incentivize illegal immigration to the state,” Mario Nawfal noted. “California also passed a bill providing free medical care to illegals that took effect n January this year. Seems like half of Earth should move to California, given all the incentives to do so,” Elon Musk commented. California also passed a bill providing free medical care to illegals that took effect n January this year. Seems like half of Earth should move to California, given all the incentives to do so. https://t.co/XXikfKj7ki — Elon Musk (@elonmusk) August 26, 2024 From The Center Square: With 23 votes for and 11 votes against — including all nine Republicans and Democratic State Sens. Catherine Blakespear, D-Encinitas, and Dave Min, D-Irvine — the bill narrowly passed the 21 vote majority threshold in the Senate. California’s Dream for All Shared Appreciation Loans program allows applicants to secure “loans” of up to $150,000 or 20% of the home’s purchase price — or, about what a typical down payment is — with zero down payment on this state “loan,” and no payments. In exchange, the state receives the original loan amount plus 20% of the appreciated gain when the home is refinanced, sold, or transferred. BREAKING: The California State Senate just voted overwhelmingly to pass AB 1840, which allows illegal aliens to apply for taxpayer funded down payments on homes up to $150,000. An unbelievable betrayal of the citizens of their state. pic.twitter.com/WX3i4F1imM — Greg Price (@greg_price11) August 27, 2024 However, California’s Department of Finance said there’s no money left to supply the program. “After the CA Senate advanced bill allowing undocumented immigrants to apply for state’s first-time homebuyer’s program, the CA Department of Finance confirms the program has no money to give. Lawmakers didn’t appropriate funds for it this year,” KCRA 3 California Capitol Correspondent Ashley Zavala wrote. “The state is facing a budget shortfall, and per the budget agreed to in June, the program wasn’t given any new money for ’24-’25. In order to replenish, lawmakers and the governor would need to appropriate it for future years. But shortfalls are expected to persist,” she added. The state is facing a budget shortfall, and per the budget agreed to in June, the program wasn't given any new money for '24-'25. In order to replenish, lawmakers and the governor would need to appropriate it for future years. But shortfalls are expected to persist… — Ashley Zavala (@ZavalaA) August 27, 2024 Per Fox News: Democrats who supported the bill said in debate that undocumented immigrants who apply for the program must pay taxes and show proof of work; Republicans criticized the bill for potentially edging out groups like veterans from the California Dream for All Program. No funds were appropriated for the California Dream for All Program this year due to an expected budget shortfall for 2024-2025. Both the governor and state legislatures must approve of appropriating funds in the future to continue the program.