Outrage as California opens up $300 million home loan scheme to migrants
Californians are reacting angrily to revelations that migrants who entered the US illegally could soon benefit from a taxpayer-funded state scheme to help hard-up residents buy homes.
Democrats on the California Senate Appropriations Committee have approved a bill to move forward that would open up the 'California Dream For All Shared Appreciation Loan' program to non-legal migrants.
The scheme was launched last year and has already provided thousands of first-time homebuyers with loans of up to 20 percent of a house's purchase price for down payment or closing cost.
San Diego County Supervisor Jim Desmond said the bill was a waste of taxpayers' money.
'Once again, California has chosen to prioritize illegal immigration and fiscal irresponsibility over the needs of its citizens.'
Outrage as California opens up $300M home loan scheme to migrants, James Reinl, DailyMail, August 20, 2024
Where do those on the Left think all this money is going to come from?
And with a dire shortage of housing in the state, what could this end up meaning for everyone else?
The amended bill AB1840 has already passed in the Assembly and will go to a floor vote in the state Democrat-run Senate.
Then it would land on Governor Gavin Newsom's desk.
The average single-family home in the state costs $904,000, making California one of the least affordable states. (compared to a median income of $57,200 for full-time workers in the U.S., which is before taxes)
www.dailymail.co.uk
And if you talk to the average progressive, they will see nothing wrong with this. Or not care. All that money grows on trees, after all.
Californians are reacting angrily to revelations that migrants who entered the US illegally could soon benefit from a taxpayer-funded state scheme to help hard-up residents buy homes.
Democrats on the California Senate Appropriations Committee have approved a bill to move forward that would open up the 'California Dream For All Shared Appreciation Loan' program to non-legal migrants.
The scheme was launched last year and has already provided thousands of first-time homebuyers with loans of up to 20 percent of a house's purchase price for down payment or closing cost.
San Diego County Supervisor Jim Desmond said the bill was a waste of taxpayers' money.
'Once again, California has chosen to prioritize illegal immigration and fiscal irresponsibility over the needs of its citizens.'
Outrage as California opens up $300M home loan scheme to migrants, James Reinl, DailyMail, August 20, 2024
Where do those on the Left think all this money is going to come from?
And with a dire shortage of housing in the state, what could this end up meaning for everyone else?
The amended bill AB1840 has already passed in the Assembly and will go to a floor vote in the state Democrat-run Senate.
Then it would land on Governor Gavin Newsom's desk.
The average single-family home in the state costs $904,000, making California one of the least affordable states. (compared to a median income of $57,200 for full-time workers in the U.S., which is before taxes)
Outrage as California opens up $300M home loan scheme to migrants
Democrats on the Senate appropriations committee have approved a bill that would open up the California Dream For All Shared Appreciation Loan program to non-legal migrants.
And if you talk to the average progressive, they will see nothing wrong with this. Or not care. All that money grows on trees, after all.
