The State of California opened up its lottery system for the California Dream For All program. It's a taxpayer-funded down payment 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. The lottery opens up on April 3, 2024, and frees up about $250 million available, which means approximately 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 mortgage brokers Tracy Campagna and Michael Cain during an interview with CBS 8 last month. 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/californias-down-payment-assistance-program-opens/509-1c929d09-98df-41fb-884e-0cb2405c1d3e