California’s controversial AB 1840 bill has ignited a fierce debate surrounding the state’s housing policies. The bill, which has already passed in the Assembly and is now headed for a floor vote in the Democrat-run Senate, proposes to extend the California Dream For All Shared Appreciation Loan program to undocumented migrants.
This program, launched in 2023, provides interest-free loans to first-time homebuyers for down payments or closing costs. The loans are repaid when the property is sold or refinanced, along with 20% of the increase in the home’s value. While the program aims to make homeownership more accessible, its expansion to undocumented migrants has drawn both support and criticism.
Arguments in Favor
Proponents of AB1840 argue that homeownership is a fundamental right that should be available to all Californians, regardless of their immigration status. They contend that the bill promotes economic stability and social equity by allowing undocumented migrants to build generational wealth and contribute to their communities.
Assemblymember Joaquin Arambula, a Fresno Democrat and the bill’s sponsor, emphasizes the historical significance of homeownership in the United States as a means of accumulating wealth. He believes that extending the program to undocumented migrants is a step towards achieving a more inclusive and equitable society.
Arguments Against
Critics of AB1840, including San Diego County Supervisor Jim Desmond, view the bill as a misuse of taxpayer funds. They argue that California, which is already grappling with a budget deficit, should prioritize the needs of its citizens, including homeless veterans, before extending benefits to undocumented migrants.
Opponents also express concerns about the potential strain on the program’s resources and the possibility of increased wait times for eligible applicants. They question the fairness of providing financial assistance to individuals who have not entered the country legally.
Public Reaction
The bill has sparked strong reactions from Californians, with many taking to social media to voice their opinions. While some applaud the bill as a progressive measure, others denounce it as “insane,” “nonsense,” and “evil.” Some critics have even called for a “taxpayer revolt.”
Joaquin Arambula, author; Home Purchase Assistance Program: eligibility
The Road Ahead
The fate of AB1840 now rests in the hands of the California Senate. If the bill passes, it will be sent to Governor Gavin Newsom for final approval. The outcome of this legislative process will have significant implications for California’s housing policies and the ongoing debate over immigration reform.
