California Governor Vetoes Bill to Expand Home Loan Program to Undocumented Immigrants
Gov. Newsom cites financial constraints and program's limited funding in decision to veto Assembly Bill 1840.
- California Gov. Gavin Newsom vetoed Assembly Bill 1840, which proposed making undocumented immigrants eligible for the state's home loan lottery program.
- The bill aimed to include undocumented immigrants in the California Dream for All program, which offers loans up to $150,000 for first-time homebuyers.
- Newsom cited limited funding and budget constraints as reasons for the veto, noting the program's existing financial challenges.
- The program requires applicants to meet federal loan eligibility criteria and is designed to assist first-time and first-generation homebuyers.
- Opposition to the bill was strong, with critics arguing that state resources should prioritize legal residents.