California lawmakers are one step closer to making hundreds of millions of taxpayer-funded home loans available to residents living in the country illegally.
Democrats on the California Senate Appropriations Committee late last week unanimously approved AB 1840 to move forward, according to an official vote tally for the legislation. The bill has one last chance to be struck down on the floor of the state Senate, where Democrats wield majority power, before it lands on the desk of Gov. Gavin Newsom, also a Democrat.
The legislation seeks to amend the California Dream For All Shared Appreciation Loan program, an initiative launched last year that provides first-time homebuyers with a loan of up to 20% of the house’s purchase price for down payment or closing cost. If passed and signed into law, illegal migrants living in California would be eligible to apply for a…
