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About 22% of the undocumented population in California owned homes in ... to qualify for new state-backed home loan program. ... towards a down payment — 20% of the home’s purchase price or up ...
The "California Dream for All" program would give first-time buyers 17% of the purchase price to lower down payment and mortgage costs.
In California and Washington, D.C., for example, some buyers might qualify for up to six figures for their down payment. Grants often come in much smaller amounts, such as $5,000.
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds.
The bill would’ve granted some undocumented migrants access to a state-funded program that offers up $150,000 in down payment assistance to first-time home buyers. AFP via Getty Images
Those purchasing or building new homes were eligible for $7000, while those purchasing established homes were eligible for a $3500 grant. [6] From 1 January 2010 onwards, the Commonwealth scheme ended. However, first home buyer assistance continued via the state funded First Home Owner Grant, worth $7,000 for both new and established properties.
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