All borrowers, including co-borrowers, must be a first-time homebuyer, defined as someone who has not owned a property or lived in a home owned by a spouse during the past three years At least one person must be a first-generation homebuyer meaning their parents do not own a home in the United States All applicants must be California residents
California resident. Not citizen, not resident alien. Illegal aliens are eligible
Except tax payers in California. Their dream is for competent, thrifty government not giving away their hard-earned money.
“At least one person must be a first-generation homebuyer”
IOW it is entirely for illegal aliens.
quote “At least one person must be a first-generation homebuyer meaning their parents do not own a home in the United States”
yep! handout to illegals.
Bribing people to come back or is this for Illegals to send to their home countries ,LOL
So if they gave out $100K each, that would only be 2,500 recipients. Big deal.
And how will they afford the payments and the upkeep?
“At least one person must be a first-generation homebuyer meaning their parents do not own a home in the United States”
Anyone whose ancestors served in the US military during a time of crisis or war…need not apply
"Oppressed California taxpayers are giving up to $150,000 to help first-time homebuyers"
There! Fixed it.
Consider related threads ...
Illegals WILL be voting in the 2024 election. Biden is flying them in to vote. (4.3.24)
California audit finds state is broke: $55 billion more owed than available (3.20.24)
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)
Democratic and Republican Trump-supporting patriots need to support hopeful Trump 47 with a new patriot Congress that will not only support Trump to finish draining the swamp, but also do its duty to guarantee each state a republican form of government by supporting him in closing the border and sending illegal aliens home.
"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."
Are illegal aliens the target demo?
Let me get this straight.
We need more illegals so they can pick fruits and vegetables to keep costs down.
And we also need to give them $150k each so they can buy houses.
Makes sense.
/s
I thought Kali-Fornia was deeply in debt?
IIRC, Newsom and the Democrats took a $50 billion surplus to a $25 billion deficit?
Where does he get the money for this boondoggle?
And how many billions of $$$ is California in debt now?
I believe they have to pay it back.
I would think that this would add to the ever increasing rent prices in Cali, yes?
And when they default let me take a wild guess who is on the hook...
This is how we got astronomical college tuition... “help” from the goobermint.
S*it loans, at least 10% will go into default
This money will end up just getting absorbed into the cost of buying a home. Some may benefit initially for a brief time, but it won’t take long until pricing catches up with the excess “demand”. Twenty dollar an hour minimum wage worked so well that they’re now moving on to “fixing” the housing crisis.
There is the danger for the country and it is not the J6
In Cali that just might cover the down payment on a house trailer.
California deserves this! /s