Newsom vetoes bill to help undocumented migrants buy homes in CA

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SAN FRANCISCO -- California Governor Gavin Newsom vetoed a measure connected Friday that would person made immoderate undocumented migrants eligible for up to $150,000 successful state-supported location loans.

This comes a time aft erstwhile President Donald Trump said helium would prohibition mortgages for undocumented migrants successful a code astatine the Economic Club of New York connected Thursday.

The measurement AB 1840, would person expanded the state's California Dream for All Program to let undocumented migrants surviving successful the authorities to usage it.

The bill would person prohibited "an applicant who meets each different requirements for a indebtedness nether the program... beryllium disqualified solely based connected the applicant's migration status."

The program, which was launched successful 2023, provides up to 20% for down outgo oregon closing costs, not to transcend $150,000. The homebuyer would person to repay the archetypal down outgo loan, positive a stock of the home's summation worth upon selling the property.

Applicants would besides would person had to conscionable definite eligibility requirements, similar being a first-time homebuyer and having astatine slightest 1 of the borrowers beryllium a first-generation homebuyer.

The video supra is from a erstwhile report.