California Advances Bill for Undocumented Home Loans

California lawmakers have advanced a bill that would allow undocumented immigrants to access the state’s zero down, no payment home loan program, known as the 'Dream For All' initiative. The legislation, which has sparked controversy and criticism, aims to provide homeownership opportunities to those living in the country illegally by prohibiting lenders from rejecting applicants based on immigration status. Bill author Assemblymember Joaquin Arambula argues that homeownership is crucial for financial stability, while opponents highlight the potential financial strain on taxpayers amid California's budget deficit. The bill has already passed the Assembly and is set for a floor vote in the Senate before reaching Governor Gavin Newsom’s desk. Critics claim the program prioritizes illegal immigrants over citizens, particularly veterans and low-income residents who may need assistance. Proponents, however, assert that expanding access to home loans can foster economic growth and stability for families in California.