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POLITICSLA Times - California·4h ago

Your guide to Proposition 37: Loans for middle-income homeowners

Photo · Jim Cooke / Los Angeles Times
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Proposition 37 would establish a state-run down payment loan program for middle-income homebuyers, providing loans of up to 17% of a home's sale price.

If passed by voters, Proposition 37 would create a down payment loan program for middle-income homebuyers. The state's housing finance agency would loan up to 17% of a home sale price.

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