AB1840:v95#DOCUMENTBill Start
Enrolled
August 31, 2024
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Passed
IN
Senate
August 27, 2024
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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.
Digest Key
Vote:
MAJORITY
Appropriation:
YES
Fiscal Committee:
YES
Local Program:
NO
Bill Text
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.