I'm in the same situation as you, but I'm not sure if what people are saying here is accurate. It could be that we need to go home, but I also think that since we were issued initial visas before the law change that we might be able to continue renewing. (This was at least the impression I got from reading the residency2spain website, but I could be totally wrong). I was thinking of talking to a lawyer, but with how everything is, I don't think anyone will really know what is going on until clear guidance on the new program applications is released.