California statewide legislation aimed at opening up homebuying access to migrants and undocumented immigrants took a major step this week with a bill's passage out of a key Senate committee.
A key California Senate committee advanced a bill this week that would allow migrants and illegal immigrants to use a program aimed at helping widen the swath of the population who can become a homebuyer. The 'Dream For All' shared-appreciation loan program is billed by the state as a down-payment assistance program for first-time homebuyers.
When undocumented individuals are excluded from such programs, they miss out on a crucial method of securing financial security and personal stability for themselves and their families,' Democratic Assemblymember Joaquin Arambula said in a statement obtained by The Center Square. With Arambula’s bill already having passed the state assembly, it only requires passage by the Democrat-supermajority state Senate and signature by Gov. Gavin Newsom to become law.
We really want to make sure that funds for this round are distributed equitably,' CALHFA’s Eric Johnson said at the time. The Bee’s analysis also showed the bill would not, like other similar legislative efforts, affect the Golden State’s budget deficit. Fox News Digital reached out to the state assembly’s top Republican, Assemblymember James Gallagher, for minority party reaction, but did not receive a response by press time.
After the bill was first introduced earlier this year, state Sen. Brian Dahle, a Republican, called it an 'insult to California citizens who are already being priced out of homeownership.' 'ive priority to those who are in our state legally.'
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