Legislation introduced to help ‘Dreamers’ buy homes in U.S.

U.S. and World

In this Feb. 12, 2020, file photo, a housing development stands in El Dorado Hills, Calif. California voters have rejected a proposal to partially dismantle the state’s cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy. Since 1978, California has limited tax increases to 2% a year until a property is sold. With prices climbing at a much higher rate, taxpayers who have held homes and businesses for many years pay far less than what the market value would determine. (AP Photo/Rich Pedroncelli, File)

SAN DIEGO (Border Report) — Two California congressmen have introduced legislation to ensure that Deferred Action for Childhood Arrivals (DACA) beneficiaries, or “Dreamers,” are eligible for Federal Housing Administration (FHA) home loans.

California Democrats Juan Vargas and Pete Aguilar say that due to the lack of clarity surrounding DACA recipients’ eligibility under the Trump administration, lenders held off on providing loans to these individuals.

They maintain the Homeownership for Dreamers Act will help clear up eligibility for certain mortgages backed by the federal government, ensuring that loan eligibility is not predicated on the status of the DACA recipient if all other eligibility criteria are met.

“I introduced this bill last Congress when the prior administration’s Department of Housing and Urban Development tried jeopardizing government-backed loan eligibility for Dreamers,” said Vargas. “I am reintroducing the Homeownership for Dreamers Act to ensure that this cannot happen under a future administration.

Vargas says “Dreamers” deserve the same access to opportunities offered to other Americans.

“While DACA recipients are once again able to access these loans, a future administration or FHA leadership could attempt to bar such access if we don’t pass legislation that will clarify their eligibility,” he said.

Last month, FHA put out a statement asserting that DACA recipients would be eligible to apply for FHA-backed mortgages effective January 19, 2021.

Visit the BorderReport.com homepage for the latest exclusive stories and breaking news about issues along the United States-Mexico border.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

StormTracker 8

Trending Stories

More Trending Stories

Local Events