Dream for All: Down payment assistance for first-time California homebuyers relaunches with new lottery

Cal Matters ^ | JANUARY 18, 2024 | FELICIA MELLO

[artichokegrower]

State officials hope a lottery and an emphasis on first-generation homebuyers will make California’s most generous down payment assistance program more equitable.

[artichokegrower]

California will dole out $250 million more in down payment assistance to first-time homebuyers this spring, while making changes to its 1-year-old program aimed at reaching a more diverse group of borrowers across the state.

California you are broke! No money honey.

[FlingWingFlyer]

Sounds like poor white folks are going to get the California Crap End of the Stick again.

[Regulator]

“an emphasis on first-generation homebuyers”

IOW more discrimination against Americans.

The “first generation” shtick is code for illegal aliens and their offspring.

[null and void]

Makes sense. If you win the lottery, maybe you can afford a house in California...

...good luck with the taxes.

[posterchild]

Homebuilders and realtors - try the meatloaf and remember to tip your politicians.

[Organic Panic]

A “more equitable” lottery?

How is that suppose to work?

[simpson96]

Lol.

[bgill]

Somehow CA will make the rest of us pay for that.

I’m always on the paying end of the stick.