According to The Los Angeles Times:
Assembly Bill 1840, which would grant undocumented immigrants access to state loans for first-time homebuyers, is being pushed by Assemblymember Joaquin Arambula (D-Fresno).
The California Housing Finance Agency’s California Dream for All Shared Appreciation Loans program, which debuted in March of last year, provided first-time home buyers who met the eligibility requirements with a loan up to 20% of the cost of a house or condominium. There are no monthly payments or interest associated with the loans. Rather, the borrower repays the initial loan amount plus 20% of the appreciation in the home’s value when the mortgage is refinanced or the house is sold.
Arambula points out that a program designed to help people with low and middle incomes buy a house does not take their immigration status into account.
