The State of California is about to open up its lottery system for the California Dream For All program. It's a taxpayer-funded downpayment assistance program that could allow prospective homebuyers to borrow a 20% down payment from the state to buy their first home. The program ran out of money in just 11 days last year. This year, it will be a lottery system instead of first come, first served. The lottery opens up on April 3, 2024. Although it's called "Dream For All," there is only about $250 million available, which means less than 2,000 prospective homeowners will get this help. The first thing you need to do is check out the requirements on the state's website: calhfa.Ca.Gov/dream. There you will find all of the requirements. You must be a first-time home buyer, you must meet income requirements and be a first-generation home buyer. “That would mean that at least one of the borrowers’ parents could not have owned a home. So this is trying to get people into homes because they need a little bit of help and they need help generationally,” said Tracy Campagna and Michael Cain. They are the San Diego Mortgage Couple, a state-approved lender for the Dream For All Program. MORE: https://www.cbs8.com/article/news/local/working-for-you/how-to-apply-for-california-dream-for-all-downpayment-assistance-program/509-b400fcee-5673-4fa9-b1a5-aa7600b867e2