California Advances Bill to Extend Home Loans to Illegal Immigrants

Legislation to include illegal immigrants in the state's home loan program moves closer to becoming law despite significant budget deficit.

The bill, AB 1840, seeks to amend the California Dream For All Shared Appreciation Loan program to include illegal immigrants.
California faces a $60 billion budget deficit, raising concerns about the financial impact of the bill.
The program offers interest-free loans of up to 20% of a home's purchase price for first-time buyers.
Critics argue the bill prioritizes illegal immigrants over legal residents struggling with homeownership.
The bill has passed the Senate Appropriations Committee and awaits a full Senate vote before potentially reaching the governor's desk.