Illegal immigrants in California could soon be eligible for tens of thousands of dollars in down payment assistance under a new law sent to Gov. Gavin Newsom.
On Wednesday, Democrats in the state legislature passed Assembly Bill 1840 requiring the California Housing Finance Authority’s “Dream for All Program,” which provides residents financial assistance to purchase homes, to consider applications from illegal immigrants. The program offers first-time homebuyers loan assistance of up to 20 percent of a property’s value with a cap of $150,000. Buyers then pay back the loan plus up to 20 percent of any property appreciation depending on income.
Lawmakers passed the changes to the program to include illegal immigrants along party lines Wednesday night.
California Assembly Republican Leader James Gallagher slammed the bill in a statement.
“I didn’t know it was possible to make the border crisis and the housing crisis worse with just one vote,” the assembly leader said. “But Democrats found a way. Giving taxpayer-funded housing subsidies to illegal immigrants will drive costs even higher and encourage more chaos at the border. This is crazy and it needs to stop.”
According to Newsweek, Newsom “hasn’t indicated his support for the program.”
California is ranked among the worst states for housing as the nation copes with a coast-to-coast shortage as Americans increasingly struggle to find affordable homes to purchase. According to Zillow, the U.S. was short of more than 4.5 million homes in 2022, with Los Angeles, San Francisco, Riverside, San Diego, Sacramento, and
