Good News: PRC Looks To Help Illegal Aliens Purchase Homes

But, hey, all you Comrades in the People’s Republik Of California need to keep your complaints to yourselves: you voted for this

BREAKING: A California State Senate Committee has approved a bill to allow illegal migrants to buy homes with $0 down payments and 0% interest

The bill passed in the House and is expected to be approved by the Senate and signed by Governor Gavin Newsom. Two million illegals will… pic.twitter.com/I9mgrXdhPL

— George (@BehizyTweets) August 21, 2024

The rest of the tweet:

Two million illegals will qualify for the program

“The social and economic benefits of homeownership should be available to everyone.” – Assemblymember Joaquin Arambula

Specifically, AB 1840, will prevent the state’s Dream for All Shared Appreciation Loans program from denying individuals on the basis of their immigration status. The program will allow applicants to get “loans” of up to 20% of the home’s purchase price — or, about what a typical down payment is — with zero down payment on the state loan required. There are also no provisions on how the “borrower” can pay back. Meaning they can get the home and live in it for as long as they want without ever paying a dime

I know, I’m still trying to wrap my head around it too. I guess trying to use logic to understand what CAN’T be logical is pointless.

Why try? This is Liberal World. The Elites couldn’t care less what the peasants think.

California bill aimed at making it easier for migrants to buy homes makes major advancement

A key California Senate committee advanced a bill this week that would allow migrants and illegal immigrants to use a program aimed at helping widen the swath of the population who can become a homebuyer.

The “Dream For All” shared-appreciation loan program is billed by the state as a down-payment assistance program for first-time homebuyers.

When the qualified homeowner later sells or transfers the home, the homebuyer repays the original loan’s down payment, as well as a share of the residence’s value appreciation, according to the California Housing Finance Agency (CALHFA).

I wonder how much money has simply disappeared?

“When undocumented individuals are excluded from such programs, they miss out on a crucial method of securing financial security and personal stability for themselves and their families,” Democratic Assemblymember Joaquin Arambula said in a statement obtained by The Center Square. (snip)

After the bill was first introduced earlier this year, state Sen. Brian Dahle, a Republican, called it an “insult to California citizens who are already being priced out of homeownership.”

Well, will any of the illegals actually be able to afford a home in the PRC even with the help of the government?

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