Language:

Search

Attorney accuses CA lawmakers of 'window dressing' bill granting home loans to migrants: 'Magnet' for illegals

  • Share this:
Attorney accuses CA lawmakers of 'window dressing' bill granting home loans to migrants: 'Magnet' for illegals

Experts from multiple sectors are sounding the alarm on California's recently passed bill that would give home loans to illegal migrants.

 

Civil rights attorney Leo Terrell and real estate expert Grant Cardone weighed in on the bill during an appearance on "Varney & Co.," Wednesday, revealing how the state's policy is another "gimmick" from Democrats, according to Cardone.

"It's window dressing, but it sends a message to illegals: 'Come to California, we're going to take care of you.' It makes no sense whatsoever. They're treating illegals like American citizens and reaping the benefits as an American," Terrell explained to Gxstocks' Stuart Varney.

 

CALIFORNIA CLOSE TO APPROVING $150K LOANS FOR ILLEGAL IMMIGRANTS TO HELP PURCHASE HOMES

housing california illegal migrants

Civil rights attorney Leo Terrell pictured alongside a real estate sign in Los Angeles, California. This comes in wake of California's recently passed bill that would grant home loans to illegal migrants.  (Fox News / Fox News)

California lawmakers voted a bill through the state Senate on Tuesday that would allow illegal immigrants to apply for their "California Dream for All" first-time homebuyers' financial assistance program.

AB 1840 requires the California Housing Finance Authority's home purchase assistance program, or California Dream for All Program, to include undocumented applicants. The program awards first-time homebuyers up to 20% of a home's value or up to $150,000 as down payment assistance. 

 

 

Private equity fund manager Grant Cardone brought some real estate perspective when weighing in on the policy, doubling down on Terrell's claim that the bill is "window dressing" for the 2024 election. 

 

"It's an old gimmick in marketing. We make a promise we can't deliver. Don't do your due diligence. Come to the dealership. It's a $99 payment. You walk out with $700," Cardone began. "The $25,000 tax credit. That's bogus baloney, too. You can get that from a builder right now. This is just window dressing, as you say, for an election in hopes to get votes."

HARRIS PROPOSES $25,000 DOWN PAYMENT ASSISTANCE FOR FIRST-TIME HOMEBUYERS — IS IT A GOOD IDEA?

 

As mentioned by Cardone, Vice President Kamala Harris recently proposed offering down payment assistance to first-time homebuyers.

Harris wants to offer an average of $25,000 in assistance to all first-time homebuyers in the country, which the Democratic presidential nominee says would be provided to more than 4 million people over four years if she were to occupy the Oval Office.

California Gov. Gavin Newsom greets President Biden

President Joe Biden is greeted by California Governor Gavin Newsom upon his arrival at Moffett Federal Airfield in Mountain View, California, on June 19, 2023. REUTERS/Kevin Lamarque (REUTERS/Kevin Lamarque / Reuters Photos)

To conclude, Terrrell sent an urgent message to Gov. Gavin Newsom, warning Californians that this law would make the state a "magnet" for illegal migrants. 

 

"This is a magnet for illegal aliens. Governor Newsom, if this bill gets to his desk, if he wants to have a political career in the future, he has to veto this, Stu. But I guarantee you, I don't know what he'll do. This is California," Terrell said.

GET Gxstocks ON THE GO BY CLICKING HERE 

Fox News' Jasmine Baehr, Breck Dumas contributed to this report. 

 
 
 
Olivia Smith

Olivia Smith

News: Get latest stock share market news, financial news, news, economy news, company news, politics news, breaking news at Business Standard. Catch all the latest Nifty Sensex news live updates.