California Bill Would Allow Undocumented Immigrants to Purchase Homes
AB 1840 Progresses in State Legislature
Bill would expand eligibility for first-time homebuyer loan program
A California bill that would allow undocumented immigrants to qualify for first-time homebuying loans continues to progress in the state legislature.
Key Points:
* AB 1840 would expand eligibility for the state's first-time homebuyer loan program * Bill has passed the Senate Appropriations Committee * Undocumented immigrants would be able to access low-interest loans and down payment assistanceBill Details
AB 1840, formally known as the California Homeownership for All Act, would expand the eligibility requirements for the state's first-time homebuyer loan program, which currently excludes undocumented immigrants.
The bill would allow undocumented immigrants to access low-interest loans and down payment assistance, making it easier for them to purchase a home in California.
Importance of the Bill
According to a study by the Center for American Progress, undocumented immigrants contribute significantly to the U.S. economy and are more likely to start businesses and create jobs than native-born Americans.
Providing them with access to homeownership opportunities could further boost the economy and create more stable communities.
Support and Opposition
AB 1840 has garnered support from housing advocates, immigrant rights groups, and some Democrats.
However, the bill has also faced opposition from some Republicans who argue that it would reward those who have entered the country illegally.
Next Steps
AB 1840 has passed the Senate Appropriations Committee and is now headed to the Senate floor for a vote.
If passed by the Senate, the bill will move to the Assembly for consideration.
Komentar