A controversial bill that would extend eligibility for California’s first-time homebuyer loan program to undocumented immigrants has moved forward in the state legislature. The proposed legislation, Assembly Bill 1840, would amend the “California Dream For All Shared Appreciation Loan” program to explicitly state that applicants “shall not be disqualified by the agency solely based on the applicant’s immigration status.” Read: Sen. Chuck Schumer Pledges To Help Wealthy Blue State Residents Pay Less In Taxes The program currently offers loans of up to 20 percent of a home’s purchase price to as…