Article

2024-03-02 Government Corruption

Illegal Aliens to Get Interest-Free Home Loans Under New Democrat-Backed California Bill

[Gateway] Meanwhile in the Democrat hellhole of California...

Illegal aliens will get interest-free home mortgage loans under a new California bill.

Democrat assemblymember Joaquin Arambula (Fresno) recently introduced Assembly Bill 1840 to extend a first-time homebuyer loan program to illegal aliens.

If the bill becomes law, illegal aliens will be eligible for a new program that offers a loan worth 20% of the purchase price of the residential property. There are no monthly payments and no interest accrues on the loan. Rather, the loan is paid back when the borrower refinances or sells the property. The borrower will have to pay back the original loan plus a 20% increase in the value of the property.

"It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage," California Democrat Joaquin Arambula said in an interview. "Underscores the pressing need for us to introduce legislation."

Posted by Besoeker 2024-03-02 02:04|| || Front Page|| [11142 views ] Top

#1 This is a really bad deal for Illegal Aliens… squatters pay zero

Posted by Airandee 2024-03-02 06:10|| 2024-03-02 06:10|| Front Page Top

#2 Evidently impressive California budget surpluses will permit such generosity.

Posted by Besoeker 2024-03-02 06:13|| 2024-03-02 06:13|| Front Page Top

#3 a loan worth 20% of the purchase price of the residential property

A bad idea that won't work. They won't qualify for a loan for the balance. Virtue signalling by a Democrat Asshole. BIRM

Posted by Frank G 2024-03-02 06:25|| 2024-03-02 06:25|| Front Page Top

#4 Time to bring "equal treatment under the law" suits anytime anything of this sort is even suggested.

The "progressives" are all fired up about "equity," which is a code word for "affirmative action" which is the opposite of equality.

Grind their faces in it.

Posted by M. Murcek 2024-03-02 07:27|| 2024-03-02 07:27|| Front Page Top

#5 Equity - from each according to his ability, to each according to their need

Posted by Procopius2k 2024-03-02 07:37|| 2024-03-02 07:37|| Front Page Top

#6 The headline three months from now - 'Massive default rate on the CA illegal alien loans.'

Posted by Raj 2024-03-02 09:51|| 2024-03-02 09:51|| Front Page Top

#7 Use the Georgia Amigo model. One Amigo purchases or leases the home, 5-10 others live there. Front and side lawns become vehicle parks.

Posted by Besoeker 2024-03-02 10:00|| 2024-03-02 10:00|| Front Page Top

#8 ...do the local authorities check for 'missing' vehicles?

Posted by Procopius2k 2024-03-02 10:34|| 2024-03-02 10:34|| Front Page Top

#9 Get them on paper as illegals — lists like that will be extremely helpful for the feds under the new Republican president to summarily expel them for it.

Posted by trailing wife 2024-03-02 11:30|| 2024-03-02 11:30|| Front Page Top

#10 ^Hear, hear

Posted by Grom the Reflective 2024-03-02 11:32|| 2024-03-02 11:32|| Front Page Top

#11 Newsomers.

Posted by swksvolFF 2024-03-02 11:38|| 2024-03-02 11:38|| Front Page Top

#12 Anyone aiding and abetting the foreign invaders needs to either be tried for treason or jailed so long that nobody is willing to do it.

Posted by Silentbrick 2024-03-02 12:00|| 2024-03-02 12:00|| Front Page Top

#13 Gooder and harder, California.

Posted by Crusader 2024-03-02 13:47|| 2024-03-02 13:47|| Front Page Top

#14 #7 Same here in El Cajon...3 families move into a two bedroom apartments...BMW's parked up to three blocks away.

Posted by crazyhorse 2024-03-02 23:31|| 2024-03-02 23:31|| Front Page Top

#15 LOL, CH. Santee has avoided it so far

Posted by Frank G 2024-03-02 23:54|| 2024-03-02 23:54|| Front Page Top

09:43 Mullah Richard
09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker