Propuesta 37
viviendapréstamos
CREA UN PROGRAMA DE PRÉSTAMOS PARA COMPRADORES DE INGRESOS MEDIOS DE VIVIENDAS NUEVAS CALIFICADAS.
Authorizes $25 billion in bonds to offer eligible buyers fixed-rate mortgages for up to 17% of purchase price of a newly constructed home priced below about $1.5 million. Borrowers must be California residents, occupy the home, meet income limits, and pay at least 3% down. Bonds repaid by mortgage payments, not State.