Meanwhile, in California, a new bill introduced by Democrat assemblymember Joaquin Arambula aims to extend a first-time homebuyer loan program to illegal aliens.
If passed, the bill would allow illegal aliens to qualify for a program offering a loan worth 20% of the purchase price of residential property, with no monthly payments or interest accruing.
Instead, the loan would be repaid when the borrower refinances or sells the property, with an additional 20% increase in the value of the property required for repayment.
“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage,” California Democrat Joaquin Arambula said in an interview.
“Underscores the pressing need for us to introduce legislation.”
The legislation passed a key senate committee this week so California is one step closer to giving illegal aliens interest free home loans with zero down payment.
Fox News reported:
A key California Senate committee advanced a bill this week that would allow migrants and illegal immigrants to use a program aimed at helping widen the swath of the population who can become a homebuyer.
The “Dream For All” shared-appreciation loan program is billed by the state as a down-payment assistance program for first-time homebuyers.
When the qualified homeowner later sells or transfers the home, the homebuyer repays the original loan’s down payment, as well as a share of the residence’s value appreciation, according to the California Housing Finance Agency (CALHFA).
In a 5-2 party-line vote, the Senate Appropriations Committee approved the bill prohibiting an applicant for “Dream For All” from being disqualified based on their immigration status.
While foreign-born individuals are able to purchase homes in the U.S. by using an individual tax identification number in the absence of a Social Security number, the bill is unique in that it helps offer the benefits of homeownership to everyone, its author said.
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And Nuescum will not give the same incentives he is giving to those who are not AMERICSN CITIZENS who need this 0 down and zero interest for buying a home. Where can an AMERICAN CITIZEN get this boon to purchase a home????????
F==k this sorry a= gay governor.
Oh that’ll work! NOT you idiot! They will get the house, make NO payments, the trash it!
Excellent, and my stupid liberal sister and her cuck/simp husband will pay for it, they live in shit hole cali
Face it America, we are nothing more than 2nd class citizens and already Communist Kamala is made it known that she’ll implement the same by rule of law throughout the United States.
Millions more of illegals will be allowed to pour in under her watch and given all the free things Americans won’t get.
She and her Communist colleagues want to regulate food and by rationing water, electricity etc.
If they win by voter fraud, theyll succeed in their agenda to kill Americans.