- Sep 19, 2011
- 28,495
- 10,067
- 900
If you are an undocumented illegal immigrant in California this is a benefit:
The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the purchase price of a house or condominium.
The loans don’t accrue interest or require monthly payments.
If Assembly Bill 1840 is passed, it would broaden the definition of “first-time home buyer” to include undocumented immigrants.
The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the purchase price of a house or condominium.
The loans don’t accrue interest or require monthly payments.
If Assembly Bill 1840 is passed, it would broaden the definition of “first-time home buyer” to include undocumented immigrants.
Undocumented immigrants in California could have a new path to homeownership
New legislation could help undocumented immigrants become eligible for a loan program to purchase a home.
www.latimes.com