California Bill That Could Open New Path To Homeownership For Undocumented Immigrants Advances

California Bill Would Allow Undocumented Immigrants to Qualify for Home Loans

AB 1840 Progresses in State Legislature

Eligibility Expansion for First-Time Homebuyer Programs

California lawmakers are considering legislation that would provide undocumented immigrants with access to home loans, potentially enabling them to pursue homeownership.

Assembly Bill 1840, introduced by Assemblymember Eduardo Garcia, has passed the Senate Appropriations Committee and is now eligible for a vote by the full Senate.

If enacted, AB 1840 would expand eligibility for the state's first-time homebuyer loan program, CalHFA, to include individuals who do not have a Social Security number, a common requirement for traditional mortgages.

Supporting Undocumented Homebuyers

Proponents of AB 1840 argue that it would provide undocumented immigrants, who often face barriers in securing housing, with a pathway to homeownership.

According to a study by the California Budget & Policy Center, undocumented immigrants contribute significantly to the state's economy and comprise a substantial portion of its workforce.

Providing access to home loans could help them build generational wealth, improve their financial stability, and foster a sense of community.

Addressing Housing Inequality

Advocates for housing justice also highlight the potential of AB 1840 to address housing inequality.

Undocumented immigrants often face discrimination in the housing market, making it challenging for them to rent or purchase homes.

By expanding eligibility for CalHFA loans, the bill could increase homeownership rates among this marginalized population and promote more equitable housing outcomes.

Loan Program Details

Under AB 1840, undocumented immigrants who meet certain income and residency requirements would be eligible for CalHFA loans.

These loans typically offer low interest rates and down payment assistance to first-time homebuyers.

To qualify, applicants would need to provide proof of identity and income, as well as demonstrate a history of paying taxes in California.

Next Steps

AB 1840 now moves to the Senate floor for a vote, where it requires a majority vote to pass.

If approved by the Senate, it will then be sent to the California State Assembly for consideration.

The bill's ultimate fate remains uncertain, but its passage would represent a significant step towards increasing homeownership opportunities for undocumented immigrants in California.