California’s Home Loan Program Implements Lottery System for Equity in Distribution

The California Dream For All Shared Appreciation loan program is being relaunched with changes to make it more accessible. The program will now use a lottery system to select recipients and has implemented new eligibility requirements. The loans cover down payment and closing costs on first homes, offering a maximum of either $150,000 or 20% of the home’s price. Successful recipients repay their original down payment without interest, as well as part of the property’s appreciated value if they decide to sell.