California lawmakers have proposed a new bill that would make undocumented immigrants eligible for up to $150,000 in state-supported home loans. The bill aims to provide a path to homeownership for immigrants who have been living in the state illegally.
The bill, known as AB 35, would allow undocumented immigrants to access the CalHFA loan program, which provides low-interest loans to first-time homebuyers. Currently, undocumented immigrants are not eligible for federal housing programs, making it difficult for them to afford housing in California’s expensive real estate market.
Supporters of the bill argue that providing home loans to undocumented immigrants will help strengthen communities and boost the economy. By helping immigrants become homeowners, the bill could also reduce homelessness and provide stability for families.
Opponents of the bill argue that it is unfair to provide state-funded benefits to undocumented immigrants, especially when there are many legal residents who are also struggling to afford housing. They also raise concerns about the potential impact on the housing market and whether undocumented immigrants will be able to repay the loans.
If passed, California would become the first state in the country to offer state-supported home loans to undocumented immigrants. The bill is currently in the early stages of the legislative process and will face opposition from Republican lawmakers and anti-immigrant groups.
Overall, the bill represents a significant step towards providing housing opportunities for undocumented immigrants in California. It remains to be seen whether it will gain enough support to become law and how it will impact the state’s housing market in the long run.
Source
Photo credit www.sacbee.com
