California considers a state-supported loan program of up to $150,000 for undocumented immigrants, making it the first U.S. state to provide financial assistance to non-citizens.
California lawmakers are close to approving a state-supported home loan program of up to $150,000 for undocumented immigrants, making California the first state in the U.S. to provide such financial assistance to non-citizens. The Democratic-sponsored "California Dream for All" loan program offers 20% down payment assistance and is funded by the state, with eligibility requirements including first-time homebuyers, at least one first-generation homebuyer, and income limits based on the county of residence. The bill's passage would be a significant move amid the national focus on immigration and the Biden administration's border policies. California Governor Gavin Newsom has not publicly stated his position on the bill, which would provide funding to undocumented immigrants if it passes the legislature before the August 31 deadline.