California eyes $150k home loans for undocumented migrants

Lawmakers in California are moving toward approving a measure that would allow undocumented immigrants to be eligible for state-supported home loans. Recipients could potentially receive up to $150,000 in assistance .

The proposal has become a political flashpoint, as immigration continues to be a key issue in the upcoming presidential election.

The program in California aims to support undocumented individuals who are already living and working in the state by providing help with down payments for homes. If passed, it would be the first program of its kind in the nation, one aimed at helping undocumented residents become homeowners.

Despite work by the Legislature to see the bill pass, Gov. Gavin Newsom, D-Calif., hasn't yet indicated whether he will sign the bill into law.

Former President Donald Trump called the bill "fundamentally unfair." Meanwhile, Vice President Kamala Harris' presidential campaign has so far declined to comment on the proposal.

Supporters of the bill argue the initiative is about providing opportunities for people who live, work and pay taxes in the state. On the other hand, California Republicans have expressed opposition to using state funds for people who are undocumented. However, the bill's author, Rep. Joaquin Arambula, clarified that applicants must meet federal requirements to qualify, including having a taxpayer identification number or a Social Security number.

The loan program "California Dream for All," offers up to 20% in down payment assistance. The goal is to make homeownership more accessible in a state with soaring housing costs.

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