California lawmakers are poised to expand a state-funded homeownership program to include undocumented immigrants. The bill, known as AB 1840, passed the state Senate on Tuesday, moving it closer to becoming law. This controversial measure would allow undocumented immigrants to apply for the ‘California Dream for All’ program, which provides first-time homebuyers with financial assistance, specifically up to 20% of a home’s value or a maximum of $150,000.
However, the program has already run out of funds. Just 11 days after its launch in June, the program awarded assistance to 1,700 first-time homebuyers, leaving no remaining funds. Despite this, the Senate voted to include undocumented immigrants in the program, sparking debate about the potential impact on other eligible applicants, such as veterans.
Supporters of the bill argue that undocumented immigrants who apply must pay taxes and demonstrate proof of employment, making them deserving of assistance. Critics, however, voice concerns about potentially excluding other groups from the program due to limited funds.
The bill now faces a vote in the state Assembly, followed by a final decision from Governor Gavin Newsom. If passed, the program’s future funding remains uncertain as California is facing a projected budget shortfall. Both the governor and state legislature must approve future funding allocations for the program to continue.
The California legislative session concludes on Saturday, leaving a narrow window for the bill’s fate to be decided. The California Department of Finance has not yet responded to a request for comment on the bill’s potential impact on funding.
