This week’s award for Blithering Idiocy in California goes to the state legislature for passing Assembly Bill 1840.
A woman pauses to look at the historical marker about the state Capitol in Sacramento, Calif., Wednesday, March 18, 2020. This week’s award for Blithering Idiocy in California goes to the state legislature for passing Assembly Bill 1840, which makes undocumented immigrants eligible for a state program that provides up to $150,000 in down payment assistance to first-time homebuyers.
Only people who meet the CalHFA income limits for the county in which they are purchasing a home are eligible. CalHFA’s income limit for 2024 is $155,000 in L.A. County, $189,000 in San Diego, $154,000 in Riverside and $204,000 in Orange. According to the analysis of the bill that was prepared for the state Senate, Assemblyman Joaquin Arambula, D-Fresno, the author of AB 1840, said “homeownership is a fundamental tool for wealth building, as it fosters financial stability.”
It’s possible that undocumented immigrants won’t qualify for the program regardless of this legislation. In addition to the requirement that applicants must be first-time homeowners and at least one borrower must be the first person in his or her family ever to own a home, the borrowers must obtain a first mortgage that meets the underwriting goals of the Federal National Mortgage Association, also known as Fannie Mae.
Undocumented immigrants can use an ITIN to file a federal tax return and claim some tax benefits, including the American opportunity tax credit, the premium tax credit, the child and dependent care credit and the credit for other dependents.We can’t stop technology, but can limit government misuse The voucher program is closed to new applicants. KCRA’s Ashley Zavala reported that the Department of Finance confirms that the program has no money.
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