California Migrant Loan Update as State Senate Pushes Bill Forward

The California State Senate has approved a bill that would allow undocumented migrants to apply to the state's first-time homebuying loan program.

Lawmakers passed the measure, Assembly Bill 1840, in a 23-11 vote Tuesday. If the bill makes it through a final vote in the state's Assembly, it would expand eligibility requirements for the California Dream for All Shared Appreciation program, which provides residents up to 20 percent in down payment help when purchasing a home for the first time.