A comprehensive analysis of Assembly Bill 57 (AB 57), a proposed California legislative amendment to the Dream for All Program (CDFA). This bill seeks to reserve at least 10% of CDFA funds for certified descendants of formerly enslaved people, contingent upon the establishment of a new Bureau for Descendants of American Slavery. The analysis outlines the bill's pros, such as advancing reparative justice and expanding targeted homeownership, as well as its cons, including potential legal challenges, opportunity costs for other first-time homebuyers, and administrative complexities. It further clarifies that AB 57 involves no new direct appropriations but rather reallocates existing funds, creating an indirect financial impact through the administrative overhead of the new Bureau.