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Blue State Proposes Law Allowing Migrants To Be Eligible for 1st-Time Homebuyer Loans

via NBC News
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A proposed California bill would expand eligibility for a state home loan program to include undocumented immigrants.

Assembly Bill 1840 was introduced by Democratic Assemblyman Joaquin Arambula and aims to update the California Dream for All Shared Appreciation Loans program, which provides loans of up to 20% of a home’s purchase price to qualifying first-time buyers.

The original bill focused on low-to-middle income citizens, but the new proposal would allow undocumented migrants to also apply if they meet the program’s other criteria of securing a bank loan and mortgage.

“An applicant under the program shall not be disqualified solely based on the applicant’s immigration status,” assemblyman Joaquin Arambula’s update states.

“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage [that] underscores the pressing need for us to introduce legislation,” Arambula said.

“The California Dream for All program already exists – it was established to assist low- and middle-income individuals to purchase homes. But the program hasn’t been clear about eligibility for undocumented individuals, and AB 1840 addresses that issue. Let me be clear: anyone who meets the program’s criteria can apply for this loan program. And, to qualify, you must secure a bank loan or mortgage,” Arambula stated. “AB 1840 is about providing an opportunity for homeownership, which we know allows families to secure financial security and stability. The ability to do this strengthens local economies, and that benefits all people who call California home.”

Supporters argue this provides opportunity for homeownership and financial stability.

“Folks, the bipartisan border security bill is a win for the American people and a win for the people of Texas, and it’s fair for those who legitimately have a right to come here,” Biden said.

However, others remain concerned as the ongoing border crisis continues to overwhelm state resources.

“Border patrol agents are upset that we cannot get the proper policy that is necessary to protect human life, to protect American citizens, to protect the people that are crossing the border illegally. We can’t do that because President Biden’s policies continue to invite people to cross here,” National Border Patrol Council (NBCP) President Brandon Judd said.

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