California’s Housing Program for Undocumented Immigrants: A ‘Blithering Idiocy’?

California has passed a law that aims to provide financial assistance for undocumented immigrants to buy homes. The program, called the ‘California Dream for All Shared Appreciation’ program, offers up to $150,000 in down payment assistance. However, critics argue that the program is poorly designed and unlikely to achieve its intended goal of helping undocumented immigrants build wealth. The program requires recipients to pay back the assistance plus a share of the home’s appreciation when they sell, potentially negating any financial gains. Moreover, the program has run out of funding and has been criticized for its lack of clarity regarding eligibility requirements for undocumented immigrants. Critics argue that the legislation is more symbolic than practical, and raises questions about the effectiveness and feasibility of providing such assistance to undocumented immigrants.