A California bill aimed at helping illegal aliens become homeowners is progressing in the Democrat-dominated state legislature. The California Senate Appropriations Committee—comprised of five Democrats and just two Republicans—advanced AB 1840 along partisan lines, which amends the California Dream for All Shared Appreciation Loan program so it applies to foreigners.
The bill, authored by Assemblymember Joaquin Arambula (D), facilitates access to down payment assistance for illegal aliens. The program would provide illegals up to 20 percent of a home’s purchase price as a down payment loan for first-time buyers. These loans neither accrue interest nor require monthly payments. Borrowers repay the original loan amount plus 20 percent of any increase in home value when the primary mortgage is refinanced or the house is sold.
“The social and economic benefits of homeownership should be available to everyone. As such, the California Dream for All Program should be available to all,” stated Arambula.
Critics argue that the bill prioritizes illegals over American citizens amid a significant budget shortfall. San Diego County Supervisor Jim Desmond expressed concerns about California’s $60 billion deficit and labeled the bill as fiscally irresponsible.
The bill requires approval from the Democrat-supermajority state Senate and Governor Gavin Newsom.
In Oregon, California’s northern neighbor, the taxpayer-funded Hacienda Community Development Corporation (Hacienda CDC) is already subsidizing noncitizen home purchases.
