California's $300M home loan assistance program depleted in record time.

California's Dream for All program, which aimed to help first-time homebuyers by paying some or all of the upfront costs for buying a home, has run out of its initial $300 million funding after just 11 days. The program was meant to address California's ethnic and racial wealth gap, but initial data shows that a disproportionate number of beneficiaries were white, non-Latino, and living in the Sacramento area. The program will be paused until more funding can be allocated.