JUST IN: Governor Newsom Vetoes Bill That Would Allow Illegal Aliens to Buy Homes with Zero Down Payment and 0% Interest
California Governor Gavin Newsom (D) on Friday vetoed a bill that would have allowed illegal aliens to buy homes with zero down payment and pay zero interest.
Democrat assemblymember Joaquin Arambula (Fresno) recently introduced Assembly Bill 1840 to extend a first-time homebuyer loan program to illegal aliens.
California Democrat state senators last Tuesday overwhelmingly voted to pass a bill that would give illegal aliens $150,000 interest-free home mortgage loans.
If Newsom signed the bill, illegal aliens would 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.
