California State Senate Committee approves bill to allow illegal immigrants to buy homes with $0 down payments and 0% interest loans.
The California Senate Appropriations Committee advanced a bill to allow undocumented immigrants to make use of the state's zero down, no payment home "loan" program, an expansion the legislature says would create "significant cost pressures."
Assembly Bill 1840 would allow expansion of the state's "California Dream for All Program" by preventing the exclusion of individuals based on their immigration status. AB1840 has already passed in the Assembly and will go to a floor vote in the state Senate.
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.
The California Senate Appropriations Committee advanced a bill to allow undocumented immigrants to make use of the state's zero down, no payment home "loan" program, an expansion the legislature says would create "significant cost pressures."
Assembly Bill 1840 would allow expansion of the state's "California Dream for All Program" by preventing the exclusion of individuals based on their immigration status. AB1840 has already passed in the Assembly and will go to a floor vote in the state Senate.
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.