California Bill Allows Undocumented Immigrants to Access Home Loans

California lawmakers have passed a bill that permits undocumented immigrants to apply for state-funded home loans of up to $150,000. The bill now awaits approval from Governor Gavin Newsom.
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9/13/2024

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6

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5

Reliability

6

Actionability

4

Society

7

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3


Highlights

  • California lawmakers passed Assembly Bill 1840, allowing undocumented immigrants to apply for state-funded home loans of up to $150,000.
  • The bill was approved by the state Senate with a 25-14 vote and by the Assembly with a 45-15 vote.
  • To qualify for the loan program, undocumented immigrants must have a taxpayer ID number or Social Security number.
  • The California Dream for All program, which the bill amends, provides down payment assistance to first-time homebuyers.
  • Governor Gavin Newsom has not yet indicated whether he will sign the bill into law.

Perspectives

  • Republican lawmakers argue that the bill prioritizes undocumented immigrants over legal residents who are struggling to afford homes, claiming it exacerbates the housing crisis and encourages illegal immigration.
  • Proponents, including the bill's author, assert that the legislation is about fairness and providing opportunities for hard-working individuals, regardless of immigration status, to achieve homeownership.