Bill Text


Bill PDF |Add To My Favorites |Track Bill | print page

AB-1840 Home Purchase Assistance Program: eligibility.(2023-2024)

SHARE THIS: share this bill in Facebook share this bill in Twitter
Date Published: 08/31/2024 09:00 PM
AB1840:v95#DOCUMENT

Enrolled  August 31, 2024
Passed  IN  Senate  August 27, 2024
Passed  IN  Assembly  August 28, 2024
Amended  IN  Senate  August 15, 2024
Amended  IN  Assembly  April 18, 2024
Amended  IN  Assembly  February 28, 2024

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill
No. 1840


Introduced by Assembly Member Arambula

January 16, 2024


An act to add Section 51344 to the Health and Safety Code, relating to housing, and making an appropriation therefor.


LEGISLATIVE COUNSEL'S DIGEST


AB 1840, Arambula. Home Purchase Assistance Program: eligibility.
Existing law establishes the California Housing Finance Agency in the Department of Housing and Community Development, and authorizes the agency to, among other things, make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs housing, and other forms of housing, as specified. Existing law requires the agency to administer a home purchase assistance program for the purpose of assisting low- and moderate-income home buyers to qualify for the purchase of owner-occupied homes, as specified. Existing law establishes the Home Purchase Assistance Fund, which is continuously appropriated for expenditure pursuant to the program and defraying the administrative costs for the agency. Existing law requires, on and after July 1, 2016, unobligated amounts remaining in any fund established for specified purposes to be transferred to the fund for expenditure by the agency for the purposes of the program.
This bill would specify that an applicant who meets all other requirements for a loan under the program, including, but not limited to, any requirements imposed on the agency in administering the program by specified entities, and who is otherwise eligible under applicable federal and state law, shall not be disqualified solely based on the applicant’s immigration status. By expanding the persons eligible to receive moneys from a continuously appropriated fund, this bill would make an appropriation.
Vote: MAJORITY   Appropriation: YES   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 51344 is added to the Health and Safety Code, to read:

51344.
 (a) An applicant who meets the requirements for a loan under the home purchase assistance program, including, but not limited to, any requirements imposed on the agency in administering the program by the Federal National Mortgage Association, a government-sponsored enterprise, a loan servicer, an investor, or a guarantor, and who is otherwise eligible under applicable federal and state law, shall not be disqualified by the agency solely based on the applicant’s immigration status.
(b) The Legislature finds and declares that this chapter is a state law within the meaning of Section 1621(d) of Title 8 of the United States Code.