California’s Mortgage Support Scheme: The article discusses California’s AB-1840 bill, which aims to expand the existing California Dream for All program. This program provides assistance to eligible first-time homebuyers, including both U.S. citizens and immigrants. The bill clarifies that the definition of “first-time homebuyer” includes, but is not limited to, undocumented persons.
Californians are reacting angrily to revelations that migrants who entered the US illegally could soon benefit from a taxpayer-funded state scheme to help hard-up residents buy homes.
Democrats on the California Senate Appropriations Committee have approved a bill to move forward that would open up the California Dream For All Shared Appreciation Loan program to non-legal migrants.
The scheme was launched last year and has already provided thousands of first-time homebuyers with loans of up to 20 percent of a house’s purchase price for down payment or closing cost.
San Diego County Supervisor Jim Desmond said the bill was a waste of taxpayers’ money.
‘Once again, California has chosen to prioritize illegal immigration and fiscal irresponsibility over the needs of its citizens,’ Desmond posted on X.
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