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New Legislation Could Help Undocumented Immigrants Achieve Homeownership

AB 1840 Passes California Senate Appropriations Committee

Bill Expands Eligibility for First-Time Homebuyer Loan Program

A groundbreaking bill that would make it possible for undocumented immigrants to qualify for home loans has recently gained significant traction in California.

Assembly Bill 1840 (AB 1840), introduced by Assemblymember Joaquin Arambula (D-Fresno), has passed the Senate Appropriations Committee and is now awaiting further consideration.

Key Provisions of AB 1840:

• Expands eligibility for the state's first-time homebuyer loan program to include undocumented immigrants.
• Eliminates the requirement for a Social Security number to obtain a loan.
• Provides access to zero-down payment loans with no closing costs.

This legislation is a significant step forward in addressing housing inequality for undocumented immigrants, who often face barriers to homeownership due to lack of documentation.

According to the California Budget & Policy Center, approximately 1 million undocumented immigrants in California are eligible to purchase homes under AB 1840.

Supporters of the bill argue that it will boost the economy by increasing homeownership rates and revitalizing communities.

Next Steps:

AB 1840 now moves to the Senate floor for a full vote before being considered by the Assembly.

If passed by the Legislature and signed into law by Governor Gavin Newsom, it would take effect on January 1, 2024.

To stay informed about updates on AB 1840 and other immigration-related news, follow reputable sources such as the National Immigration Forum and the American Civil Liberties Union.