California Legislature Approves Home Loan Access for Undocumented Immigrants

Governor Newsom to decide on bill expanding eligibility for state-backed mortgage program amid political debate.

Assembly Bill 1840 allows undocumented immigrants to apply for the California Dream for All Shared Appreciation Loans program.
The program offers no-interest loans up to $150,000 for down payments and fees, with repayment tied to home value appreciation.
Republicans argue the bill diverts resources from U.S. citizens and may encourage illegal immigration.
Supporters emphasize the bill's focus on fairness and eligibility for taxpayers, regardless of immigration status.
The program's funding is currently exhausted, requiring new appropriations for continued operation.