A change was made to a program in California that helps people buy their first home, according to hollywoodunlocked. The California Senate For All Shared Appreciation loan program is the name of the plan. People who don’t have a lot of cash can use this program to buy a house. The tool can now also be used by people who are not legally in the US.
Low- and middle-income people in California can use this scheme to help them buy homes. It will help people who want to buy their first home by giving them cash. A down payment is part of the money you need to buy a house.
The loan will help you pay for it. Assemblymember Joaquin Arambula, who put forward the bill, wants to make sure that everyone who wants to buy a home can use the program, even if they are in the country illegally.
California Governor to Decide on Controversial Program Change
There are California Republicans who don’t like this change. They believe it is unfair to help people who are not legally in the US with tax money. It seems like it would be better to help people who already live in the US. Gavin Newsom, who is governor of California, will now decide if this change will become law.