AB 1840

  • California Assembly Bill
  • 2023-2024 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 21, 2024
  • Senate
  • Governor

California Dream for All Program: eligibility.

Abstract

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 establishes the California Dream for All Program to provide shared appreciation loans to qualified first-time homebuyers, as specified. Existing law establishes the California Dream for All Fund, which is continuously appropriated for expenditure pursuant to the program and defraying the administrative costs for the agency. Existing law authorizes moneys deposited into the fund to include, among other moneys, appropriations from the Legislature from the General Fund or other state fund. This bill would specify that an applicant under the program who meets all other requirements for a loan under the program, including, but not limited to, any requirements imposed by the Federal National Mortgage Association or other loan servicer, 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. The bill would recast the fund so that appropriations from the Legislature from the General Fund or other state fund are deposited into the California Dream for All Subaccount, which the bill would create and make available upon appropriation by the Legislature for specified purposes.

Bill Sponsors (1)

Votes


Actions


May 22, 2024

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

May 21, 2024

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 56. Noes 15.)

May 20, 2024

Assembly

Read second time. Ordered to third reading.

May 16, 2024

Assembly

From committee: Do pass. (Ayes 11. Noes 4.) (May 16).

May 08, 2024

Assembly

In committee: Set, first hearing. Referred to suspense file.

  • Referral-Committee
suspense file.

Apr 22, 2024

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Apr 18, 2024

Assembly

Read second time and amended.

Apr 17, 2024

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (April 17).

Feb 29, 2024

Assembly

Re-referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Feb 28, 2024

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Jan 29, 2024

Assembly

Referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Jan 17, 2024

Assembly

From printer. May be heard in committee February 16.

Jan 16, 2024

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB1840 HTML
01/16/24 - Introduced PDF
02/28/24 - Amended Assembly PDF
04/18/24 - Amended Assembly PDF

Related Documents

Document Format
04/15/24- Assembly Housing and Community Development PDF
05/06/24- Assembly Appropriations PDF
05/20/24- ASSEMBLY FLOOR ANALYSIS PDF

Sources

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