{"id":1461237,"date":"2024-03-07T13:10:00","date_gmt":"2024-03-07T18:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1461237"},"modified":"2024-03-07T13:10:00","modified_gmt":"2024-03-07T18:10:00","slug":"california-moves-to-expand-zero-down-interest-free-home-loan-program-to-illegal-immigrants","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/california-moves-to-expand-zero-down-interest-free-home-loan-program-to-illegal-immigrants\/1461237\/","title":{"rendered":"California Moves To Expand Zero-Down, Interest-Free Home Loan Program To Illegal Immigrants"},"content":{"rendered":"

California Moves To Expand Zero-Down, Interest-Free Home Loan Program To Illegal Immigrants<\/span><\/p>\n

\n

Authored by Tom Ozimek via The Epoch Times<\/a> (emphasis ours),<\/em><\/p>\n

A controversial bill that would let illegal immigrants receive the same kind of homebuyer assistance as U.S. citizens has advanced in the California state legislature,<\/strong> drawing criticism from those who object to granting perks to people who break the law by entering the country illegally.<\/p>\n

A sign is posted in front of a home for sale in San Rafael, Calif., on Sept. 28, 2021. (Justin Sullivan\/Getty Images)<\/em><\/a><\/p>\n

The measure, Assembly Bill 1840<\/a>, was first introduced<\/a> in mid-January, and after several amendments, it advanced last week to the Committee on Housing and Community Development, where it awaits further action.<\/p>\n

Assembly Bill 1840 would change existing law to allow illegal immigrants to be eligible for the California Dream for All Fund, which provides interest-free loans for a down payment on a home for first-time buyers.<\/p>\n

The bill was introduced by California Assemblyman Joaquin Arambula, a Democrat, who last month told GV Wire<\/a>, a Fresno-based news <\/strong>outlet, that he \u201cwanted to ensure that qualified first-time homebuyers include undocumented applicants.\u201d<\/p>\n

Last week, as the bill advanced to committee after amendments, Mr. Arambula told the Los Angeles Times<\/a> that, historically, homeownership has been the main way people accumulate generational wealth in the United States.<\/p>\n

\u201cThe social and economic benefits of homeownership should be available to everyone,<\/strong>\u201d he said, arguing that it\u2019s wrong to exclude people from the benefits of the California Dream for All Fund program just because they\u2019re illegal immigrants.<\/p>\n

Some lawmakers expressed opposition to the measure as it moves closer to becoming law.<\/p>\n

\u201cAssembly Bill 1840 is an insult to California citizens who are being left behind and priced out of homeownership. I\u2019m all for helping first-time homebuyers, but give priority to those who are here in our state legally,\u201d California Sen. Brian Dahle, a Republican, said in a post on X<\/a>, formerly Twitter.<\/p>\n

More Details<\/h2>\n

The California Dream for All Fund program, administered by the state\u2019s Housing Finance Agency, provides loans for 20 percent of a home\u2019s value but no greater than $150,000.<\/p>\n

Qualifying homebuyers repay the loans when selling or transferring the property plus 20 percent of any appreciation in its value. Applicants who earn less than their county\u2019s area median income get a slight break, having to pay 15 percent of the appreciation. If a home doesn\u2019t appreciate in value, only the principal will be paid back, meaning the loan is technically interest-free.<\/p>\n

The proposed bill seeks to amend Section 51523 of the California Health and Safety Code to include a subsection that reads: \u201cAn applicant under the program shall not be disqualified solely based on the applicant\u2019s immigration status.\u201d<\/strong><\/p>\n

Mr. Arambula has defended the program, arguing in the interview with GV Wire last month that it won\u2019t affect the state budget because the loans are supposed to be paid back with an appreciation fee.<\/p>\n

Even though the net impact of the program on the state budget is technically neutral-to-positive, some critics argue that it sends the wrong message and effectively rewards illegal immigration.<\/p>\n

\u201cWe have a huge housing crisis in California and anything we can do to get people into housing we should do. However, we should help our own first. <\/strong>This next generation of people growing up can\u2019t afford a house. I\u2019ve got two kids in their early 30s and most of their friends do not own houses,\u201d San Diego County Supervisor Jim Desmond, a Republican, told NBC 7 San Diego<\/a>.<\/p>\n

Mr. Desmond has been a vocal critic of policies that he says create incentives for people to enter the country illegally.<\/p>\n

\u201cYou incentivize illegal immigration by providing free healthcare, free unemployment benefits and tons of other freebies,\u201d he wrote in a recent post on X<\/a>, reacting to a post by California Gov. Gavin Newsom, a Democrat, who called on Congressional Republicans to back President Joe Biden\u2019s border deal.<\/p>\n

\u201cIt\u2019s no wonder we are getting thousands of people by the day. This is on you as much as the Federal Government,\u201d Mr. Desmond added.<\/p>\n

Mr. Desmond said on March 3<\/a> that over 5,000 illegal immigrants had been released in San Diego County over the past 10 days.<\/p>\n

\u201cWhat\u2019s striking about the people being dropped here by the Border Patrol is about 70 percent of them are single males<\/strong>,\u201d he told Fox News.<\/p>\n

While many of the new arrivals are being taken to the airport by local nongovernmental organizations to fly out to someplace else in the country, Mr. Desmond lamented that \u201cin the meantime, our airport is now the new migrant shelter.\u201d<\/p>\n

His remarks come as the United States remains in the throes of an illegal immigration crisis of historic proportions, with some border patrol officials and others warning of a national security risk.<\/p>\n

Military-Aged Men Crossing Border<\/h2>\n

The head of the Border Patrol union recently warned about the sharp rise in the number of military-aged Chinese men crossing the U.S.\u2013Mexico border illegally.<\/p>\n

National Border Patrol Council President Brandon Judd said in a recent interview<\/a> on \u201cJust the News, No Noise\u201d TV program that he believes some of them may be spies working on behalf of China\u2019s communist regime to infiltrate the United States.<\/p>\n

\u201cAt best, they\u2019re here for a better life,\u201d Mr. Judd said. \u201cAt worst, they\u2019re here to be part of the Chinese government to infiltrate our own country.\u201d<\/p>\n

Buses drop off large groups of illegal immigrants in San Ysidro, Calif., on Feb. 29, 2024. (John Fredricks\/The Epoch Times)<\/em><\/a><\/p>\n

His remarks came as U.S. Customs and Border Protection (CBP) released its latest data<\/a> for January encounters with illegal immigrants who crossed the border into the United States.<\/p>\n

Aside from showing that Border Patrol agents encountered a record number of illegal immigrants (242,587) in January 2024 compared to any previous January, the CPB numbers show an alarming trend in the number of military-aged Chinese nationals entering the country illegally.<\/p>\n

Border Patrol agents encountered 5,717 single Chinese adults in January,<\/strong> more than twice the number of any other January on record, CBP data shows. In December 2023, that figure rose to a record of 7,581, while the total since January 2023 stands at 64,979.<\/p>\n

Some analysts say that deteriorating economic conditions in China, along with human rights abuses and policies such as strict COVID-19 lockdowns, are likely driving the increase.<\/p>\n

The San Diego Sector has seen a more than 500 percent jump in the number of Chinese nationals entering the country illegally, according to<\/a> Jason Owens, the chief of the U.S. Border Patrol.<\/p>\n

Rudy Blalock contributed to this report.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 03\/07\/2024 – 08:10<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/california-moves-expand-zero-down-interest-free-home-loan-program-illegal-immigrants<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

California Moves To Expand Zero-Down, Interest-Free Home Loan Program To Illegal Immigrants Authored by Tom Ozimek via The Epoch Times (emphasis ours), A controversial bill…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1461237","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1461237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1461237"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1461237\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1461237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1461237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1461237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}