"California Revamps Homebuyer Program with New Lottery for Down Payment Funding"

California's Dream For All Shared Appreciation loan program, aimed at helping first-time homebuyers with down payments, is relaunching with changes including a new lottery system to handle the high demand, lower income limits, and a larger fund allocation. Prospective home buyers have until April to find a state-approved lender and start working on the application, with 1,700 to 2,000 winners receiving vouchers. The program aims to reach a more diverse group of potential home buyers statewide and ensure equitable distribution of funds across different regions.