state’s zero-down, zero-interest home “loans” program

https://www.thecentersquare.com/california/article_34b5de6a-64a4-11ef-aabd-abc92bc9da7a.html

California’s Dream for All Shared Appreciation Loans program allows applicants to secure “loans” of up to $150,000 or 20% of the home’s purchase price — or, about what a typical down payment is — with zero down payment on this state “loan,” and no payments. In exchange, the state receives the original loan amount plus 20% of the appreciated gain when the home is refinanced, sold, or transferred.