This should be all the proof anyone needs to see that the left doesn’t care about Americans.
This week, a pivotal California Senate committee passed a bill that could significantly impact homeownership in the state by extending benefits to migrants and those residing illegally in the country. The “Dream For All” shared-appreciation loan program, touted by California officials as a down-payment assistance initiative for first-time homebuyers, now faces a major shift in its eligibility criteria.
Under this program, when a qualified homeowner sells or transfers their property, they must repay the original down payment and a portion of the home’s appreciated value, as outlined by the California Housing Finance Agency (CALHFA). The recently approved bill stipulates that applicants for the “Dream For All” program cannot be disqualified based on their immigration status, marking a significant policy change.
In a 5-2 vote along party lines, the Senate Appropriations Committee endorsed the bill, which has already cleared the state Assembly. It now awaits final approval from the Democrat-controlled Senate and Governor Gavin Newsom’s signature to become law.
Democratic Assemblymember Joaquin Arambula, who authored the bill, argues that excluding undocumented individuals from such programs prevents them from achieving financial stability and securing a home for their families. He asserts that providing these benefits to all individuals, regardless of their immigration status, is crucial for broadening access to homeownership.
In its initial iteration, the “Dream For All” program faced overwhelming demand, with $300 million in loans claimed within a mere two weeks, prompting CALHFA to revise its distribution strategy from a first-come-first-serve basis to a lottery system to ensure equitable allocation.
Republican Assemblymember James Gallagher has criticized the bill, calling it a “slap in the face” to California residents who are already struggling with the high costs of homeownership. He argues that resources should be prioritized for those who are in the state legally, reflecting broader concerns about the program’s impact on local citizens and the state’s housing market.
As the debate continues, this bill highlights the growing tension over immigration policy and housing affordability in California.
