AMart
Diamond Member
- Dec 29, 2020
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Are we getting the message yet kiddos? Disgusting.
ACalifornia bill that would aid undocumented migrants on the path to home ownership has advanced in the state's legislature.
Democrats on the California Senate Appropriations Committee last week unanimously approved AB 1840, a bill that would amend the California Dream for All Shared Appreciation Loan program by preventing it from denying prospective homeowners based on their immigration status.
The program was launched in 2023 and gives first-time homebuyers in the Golden State a loan of up to 20 percent of the home's purchase price to be used as a down payment.
More From Newsweek Vault: How to Get a Mortgage With No Money Down
The bill will effectively allow migrants to buy homes without having to save for years to fund a down payment, which is almost always required by financial firms providing mortgages...........................................................................................................................
www.newsweek.com
ACalifornia bill that would aid undocumented migrants on the path to home ownership has advanced in the state's legislature.
Democrats on the California Senate Appropriations Committee last week unanimously approved AB 1840, a bill that would amend the California Dream for All Shared Appreciation Loan program by preventing it from denying prospective homeowners based on their immigration status.
The program was launched in 2023 and gives first-time homebuyers in the Golden State a loan of up to 20 percent of the home's purchase price to be used as a down payment.
More From Newsweek Vault: How to Get a Mortgage With No Money Down
The bill will effectively allow migrants to buy homes without having to save for years to fund a down payment, which is almost always required by financial firms providing mortgages...........................................................................................................................
![www.newsweek.com](https://d.newsweek.com/en/full/2456015/california-homes.jpg)
California moves toward zero-down-payment mortgages for illegal immigrants
Undocumented migrants could get extra help with buying their first homes if the legislation passes.
![www.newsweek.com](https://g.newsweek.com/themes/newsweek/favicons/favicon-32x32.png)