New evidence suggests a widespread scheme by the Biden administration to funnel federal money into mortgages for illegal aliens living in North Carolina—money that’s supposed to help low-income Americans buy homes.

If Democrats’ ultimate goal is an illegal alien underclass that votes, buying them houses is a big step in that direction. New discoveries in North Carolina suggests that’s happening now—right under taxpayers’ noses and in your local community.

A bit of background: In Oct. 2023, Joe Biden’s Consumer Financial Protection Bureau (CFPB) and Justice Department warned banks that any consideration of immigration status in loan applications could be a violation of the Equal Credit Opportunity Act. In other words, if lenders reject illegal aliens for loans, then Biden’s Justice Department will go after them.

This threat to lenders didn’t sit well with Republican Senators.

Sen. J.D. Vance (OH) and colleagues quickly issued a letter to the head of the CFPB and Attorney General Merrick Garland calling on them to retract their letter of warning to banks. The Senators pointed out that since 1975, lenders have been expressly told by regulators that consideration of immigration status is not discriminatory and is an important factor in a creditor’s ability to obtain repayment.

Read more: North Carolina Dems Vote to Shield Sanctuary Cities & Criminal Aliens

Giving mortgages to legal non-citizens is one thing; but what about the unprecedented flood of illegal aliens who’ve entered the country on Biden’s watch?

Happening Now

North Carolina’s Latino Community Credit Union (LCCU) is one such lender targeting illegal aliens. The former CEO of LCCU believes that “People have the right to fulfill their dreams.” According to MSNBC, the LCCU provides “mortgages to immigrants irrespective of their immigration status.”

Restoration News spoke directly with a LCCU representative about what would be needed for an “undocumented immigrant” to obtain a mortgage. We were provided with this link and were informed the client would “need to have at least a tax ID” and they even offered to process the tax ID on behalf of the client. The LCCU representative further advised that an undocumented immigrant should apply for a credit card once getting the tax ID number to start building credit.

A North Carolina real estate agent told Restoration News that 80–90 percent of the transactions in her office are with individuals who do not have Social Security Numbers. A search of deed records across the state indicates that many LCCU mortgagees use tax ID numbers instead of Social Security Numbers.

The real estate agent further suggested LCCU is profiting from high interest rates on these loans. Restoration News found dozens of LCCU mortgages in North Carolina with rates as high as 14.5 percent—dramatically higher than the 6–7.5 percent rates offered elsewhere, as of writing. Is LCCU loan-sharking illegal aliens because they have nowhere else to go?

Help from Kamala Harris

In the last decade, LCCU—which is a tax-exempt 501(c)(14) nonprofit—has received over $11 million in taxpayer-funded grants from the federal government.

In 2021, LCCU received a $99 million low-interest loan that was given through a U.S. Department of Treasury program called the Emergency Capital Investment Program (ECIP). The program was created to “encourage low-and moderate-income community financial institutions to augment their efforts to support small businesses and consumers in their communities.”

 Only organizations that qualify as a Community Development Financial Institution (CDFI) can qualify for these low-interest loans. One thousand CDFI’s operate nationwide and were formed to help meet the needs of low-income communities and residents on tribal lands. Instead, it seems the money is being used to reward criminals invading the border.

What are the chances these loans will ever be repaid to the U.S. taxpayer?

Though a local lender, LCCU has support from senior Democrats at the highest levels, including Democrat Gov. Roy Cooper, who appointed LCCU CEO Victoria Garcia to the Governor’s Advisory Council on Hispanic/Latino Affairs.

LCCU even got feted by Vice-President Kamala Harris in 2023 when she made one of her notorious word salad speeches, saying “they understand the capacity of the community. They understand the culture of the community, the mores of the community, what the community wants for itself.”

LCCU’s 501(c)(3) charitable arm is the Latino Community Development Center (LCDC), which helps fund the credit union. LCDC has received over $16 million in grants from far-left mega-funders such as the W.K. Kellogg and Z. Smith Reynolds Foundations to address “racial equity” and to “transform current and historic inequities.”

As the name suggests, Z. Smith Reynolds Foundation uses the vast wealth generated by the R.J. Reynolds tobacco empire to fund virtually every leftist group in North Carolina working to elect Democrats. According to InfluenceWatch, it has bankrolled Planned Parenthood; Blueprint NC, infamous for crafting a public pressure campaign to “cripple” elected Republicans and turn out Democrat voters; and the North Carolina Justice Center, a major union-aligned think tank.

LCDC itself grants money to other leftist organizations such as Latin-19 in Raleigh, whose “progressive” buzzword-riddled mission is to address “issues concerning the health and wellness of our diverse community in the effort to reduce health disparities and inequities.” In Latin-19’s weekly meetings they discuss why “language justice” is important in healthcare and they lament there is “environmental and systemic racism that affects” immigrant workers.

Helping Illegal Aliens Break the Law

The invasion at America’s border is a crime caused by a lack of enforcement of the nation’s laws under President Biden. Once in the country, illegal aliens continue to break the law without any consequences.

It is a federal crime to employ an illegal alien, yet businesses across the country are obviously hiring them. An employer is required to document three items when hiring a new worker:

• Eligibility to work in the United States
• Employee’s name and Social Security Number (employers cannot ask for the actual card but must get the number and can verify it in the system)
• A signed W-4 form

An illegal alien cannot receive a Social Security Number (SSN) so they buy them illegally through a black market. There are ways for an employer to verify the validity of an SSN, but that doesn’t appear to be happening. An illegal alien needs employment verification to get a mortgage from LCCU.

If a person is not a U.S. citizen, they are still permitted to purchase property in the United States. They must obtain an Individual Taxpayer Identification Number (ITIN) to obtain a mortgage and pay taxes on the property.

However, mortgages purchased by Fannie Mae and Freddie Mac require the borrower to be “legally present in the United States.” While citizenship is not a requirement to purchase a home in America, banks must make sound decisions on mortgage lending to prevent a crisis in the housing market.

Restoration News spoke with a mortgage lender who told us that lenders must follow the Patriot Act, which requires them to verify an applicant’s name, date of birth, address and identification number (typically using a driver’s license). A lender must be able to confirm the identity of the individual receiving the money. These requirements help the government fight terrorism and money laundering activities. How can a lender truly confirm the identity of an illegal alien without any valid form of identification in the United States?

Another important factor to obtain a mortgage is the purchase of homeowner’s insurance. While not required by law, it would certainly be a dangerous business practice for a lender to not require homeowner’s insurance. How are illegal aliens able to purchase this insurance?

Remember, too, that these federal funds are meant to help Americans buy a home—often their first. Illegal aliens continue to break our country’s laws—and now they are taking away opportunities of low-income Americans to fulfill their dream of homeownership. Democrats don’t care. The Democratic Party is soft on crime. Their policies harm Americans and legal immigrants who have followed our nation’s rules and laws. So long as Democrats see the potential for a vote to come their way, they will continue to encourage the Bidenvasion, no matter the cost to Americans.

Click here to read more Restoration News coverage of Biden’s open border disaster.