Historic $25B loan fund to rescue cash-strapped California homebuyers is approved —but nobody knows how it works
Proposition 37 will let the California Housing Finance Agency borrow as much as $25 billion from private investors and loan it to middle-class Californians who don’t have the cash for a 20% down payment.
Republican Ledger staff · 12:40 PM ET
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Proposition 37 will let the California Housing Finance Agency borrow as much as $25 billion from private investors and loan it to middle-class Californians who don’t have the cash for a 20% down payment.
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