Meanwhile in the Democrat hellhole of California Illegal aliens will get interest-free home mortgage loans under a new California bill.
Democrat assembly member Joaquin Arambula recently introduced Assembly Bill 1840 to extend a first-time homebuyer loan program to illegal aliens.
If the bill becomes law, illegal aliens will be eligible for a new program that offers a loan worth 20% of the purchase price of the residential property.
Rather, the loan is paid back when the borrower refinances or sells the property.
The borrower will have to pay back the original loan plus a 20% increase in the value of the property.
"Underscores the pressing need for us to introduce legislation." The Los Angeles Times reported: Assembly member Joaquin Arambula introduced Assembly Bill 1840 last month to expand the eligibility requirement for a state loan program to clarify that loans for first-time buyers are available to 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.
https://www.thegatewaypundit.com/2024/03/illegal-aliens-get-interest-free-home-loans-under/
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