Posted on 03/02/2024 3:35:13 PM PST by E. Pluribus Unum
California Democrats once again prioritized illegal aliens over American citizens, this time by introducing a bill that would allow illegals to receive interest-free home loans.
Democrat assembly member Joaquin Arambula (Fresno) last month introduced Assembly Bill 1840 that would extend a first-time homebuyer loan program to illegal aliens.
“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage, underscores the pressing need for us to introduce legislation,” Arambula said in an interview.
“Homeownership has historically been the primary means of accumulating generational wealth in the United States,” he said. “The social and economic benefits of homeownership should be available to everyone.”
From the Los Angeles Times:
Assemblymember Joaquin Arambula (D-Fresno) introduced Assembly Bill 1840 last month to expand the eligibility requirement for a state loan program to clarify that loans for first-time buyers are available to undocumented immigrants.
The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the purchase price of a house or condominium. The loans don’t accrue interest or require monthly payments. Instead, when the mortgage is refinanced or the house is sold again, the borrower pays back the original amount of the loan plus 20% of the increase in the home’s value.
The original program was established in an effort to help low- and middle-income individuals buy a home, but the program doesn’t address eligibility based on immigration status, Arambula said.
This comes after California became the first state to provide “free” healthcare benefits to illegal aliens in January.
That taxpayer-funded healthcare scheme also includes sex changes for illegal immigrants, the cost of which is believed to top $3 billion.
(Excerpt) Read more at infowars.com ...
In Ireland:
The First Home Scheme (FHS) is an affordable housing scheme, which supports you to buy a new home or to build your first home.
The FHS is a shared equity scheme. This means that the government and participating banks pay up to 30% of the cost of your new home in return for a stake in the home. If you want, you can buy back the stake at any time, but you don’t have to.
People who want to buy the home they are renting because their landlord is selling the property. This version of the FHS is known as the Tenant Home Purchase Scheme.
If you are buying a property, it must be a newly-built home in a private development.
There is no charge for the First Home Scheme for the first 5 years that you own your home. But, if you have not bought out the FHS equity share in your home by the sixth year, a service charge will apply. This service charge is for the maintenance of the First Home Scheme. It is a percentage of the amount the FHS paid when you bought the home. The service charge amounts increase the longer you stay in the scheme. They are:
1.75% for years 6 to 15
2.15% for years 16 to 29
2.85% for years 30 and over
These rates are fixed for the life of the equity facility.
You can pay the service charge annually or in monthly instalments. If you can’t afford the service charge you can pay a reduced amount, pause the payments for a set amount of time or defer them altogether.
There is no additional cost for deferring the service charge, but it will eventually need to be paid. For example, it will need to be paid if you want to pay back the equity share, to sell the home or if you die.
Why the preference for new build houses in England & Ireland?
Probably because invaders build the new houses there as well.
“NO SS number”
The IRS is glad to hand out taxpayer IDs.
“Under Help to Buy, the government will offer an equity contribution of up to 40% for new homes and 30% for existing homes to eligible buyers. The scheme represents a crucial element of the government’s comprehensive plan to enhance homeownership accessibility for Australians.”
“The government’s efforts extend beyond Help to Buy, with more than 100,000 Australians already assisted into homeownership through the Home Guarantee Scheme.”
“Among these are the $10 billion Housing Australia Future Fund, a national target to construct 1.2 million well-located homes”
https://www.brokernews.com.au/news/breaking-news/help-to-buy-legislation-passes-284219.aspx
In the UK:
A section 106 is a legal document which forms part of the planning permission for your home.
How does the Section 106 affect me?
Your s106 agreement will usually specify who would qualify to occupy the home, and at what price it can be sold for.
When you are thinking of selling your home, it’s important that you check the requirements in your s106 agreement.
Price of the property
Your s106 agreement will explain how the resale price is calculated.
In more up-to-date agreements, the price is usually specified as a percentage of the open market value.
In older agreements the price may be based on a person’s income. If this applies to you, your s106 may need updating so that it contains a percentage.
The Council have a Section 106 template agreement which includes clauses acceptable to lenders who will lend on discounted schemes.
You will need to meet the Council’s legal costs in drawing up the document. This is currently £400 plus disbursements based on using the Council’s template agreement.
You will need to meet the Council’s planning administration costs in administering the planning process to get your new deed put in place. This is currently £139.50.
https://www.cornwall.gov.uk/housing/affordable-housing/understanding-your-section-106-agreement/
“Affordable housing in California now routinely tops $1 million per apartment to build”
Nelson haha!
YES. Do it!!! Those illegals are way more deserving then American natives. Let the Californians know who is really important.
Notice that the legislator who created this idiotic bill is themselves Hispanic. Helping out their homies, see?
So, ILLEGALS can get free homes from California, yet American Veterans can’t? I guess if you need a home, fly to Mexico and walk across...Free house...
Stupid f-—ing post. So we are a little bit better than Russia? Wow, YOU HAVE NO STANDARDS.
Just call U’Haul with the message to bring all available mover pieces to California immediately and add another million to be supplied as soon as possible.
yeah I have to plan and plan to pay my property taxes each year after paying them for almost 50 years...no get out of jail cards for me...
As opposed to just taking those things as Russia does in Ukraine, Georgia and other occupied territories?
And California is not "America".
As for the issue at hand
And America is not a dictatorship. We can't just say "oh, look at this, fire that guy, change this policy"
"California audit finds state is broke: $55 billion more owed than available"
Illegal Aliens Will Get Interest-Free Home Loans Under New Democrat California Bill (3.2.24)
Gavin Newsom let California default on $18.6B in fed unemployment loans (5.8.23)
It doesn't surprise me that desperate Democrats have considered Newsom for president, arguably the best replacement to continue failed Biden Administration policies.
All patriots in the nation need to come to the rescue of citizens of California and other oppressed states by electing new Trump-supporting patriot federal lawmakers for their respective states who will not only support hopeful Trump 47 to finish draining the swamp, but will actually do their constitutionally enumerated duty to guarantee each state a republican form of government.
"Article IV, Section 4: The United States shall guarantee to every State in this Union a Republican Form of Government [emphasis added], and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence."
In the meanwhile, consider that Democratic-managed taxpayer dollars immediately lose their value.
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