California lawmakers are proposing expanding the state’s zero-down home loan program to illegal aliens. The proposal — Assembly Bill 1840 — comes as the state grapples with a sharp imbalance in housing supply and demand, currently ranking 49th in the country for housing units per resident.
State Senator Briah Dahle (R-Bieber) slammed the bill, voicing concern for US citizens left behind in the housing market. “Assembly Bill 1840 is an insult to California citizens who are being left behind and priced out of homeownership,” said Dahle. “I’m all for helping first-time homebuyers, but give priority to those who are here in our state legally.”
The bill seeks to expand access to the California Dream for All Shared Appreciation Loans program to illegal aliens. Launched in 2023 with an initial fund of $300 million to help first-time home buyers, it depleted its funds in 11 days.
Threatening to further complicated matters for California is a new influx of illegal aliens seeking to cross California’s borders in the face of Texas’s measures to confront and contain the migrant invasion. Earlier this year, the state — which is already facing significant financial woes — expanded MediCal, its taxpayer-funded healthcare system, to cover illegal aliens. The state estimated that 700,000 illegal aliens would sign up at a cost of up to $3.4 billion. However, significant increases in California’s illegal alien population could spark significantly higher costs.
