First-generation homebuyers approved for California’s ‘Dream For All’ home loan program

California's 'Dream For All' home loan program has conditionally approved second-round recipients for vouchers from a $255 million fund. The program assists homebuyers with up to 20% of a home's value for down payment and closing costs. This year, 1,700 first-generation homebuyers have been approved, aiming to build generational wealth. The state faces high housing prices, with the median home price exceeding $900,000, making it challenging for first-time buyers to enter the market.