28 Mar Favorable Updates for the EB-5 Regional Center Program
Earlier this month, the President signed and approved the FY2022 Omnibus Appropriations Bill which includes updates to the EB-5 program. The EB-5 Regional Center program is now authorized through 2027. The success of this approval is a result of months of efforts within the entire EB-5 industry.
Here’s a quick overview of the updates within the EB-5 Regional Center Program:
- The EB-5 Regional Center Program will be renewed through FY2027 in legislation passed by the President on Tuesday. The program had been expired since June 30, 2021
- The program will be renewed for 5-year periods there-after, through the effective date will be 60 days following the enactment.
- Protects investors from future expirations of the EB-5 program and applies to investors who file before September 30, 2026.
- Updates the responsibility of determination of High Unemployment Areas (TEAs) to Homeland Security vs. individual state and other local government authority.
- The minimum investment amounts are now increased to $800,000 from $500,000 for TEA’s and 1,050,000 in non-designated TEA areas.
- EB-5 Visa set-asides have been updated with 32% priority within a fiscal year for specific projects with the following updated breakdown:
- 20% will be set-aside for rural projects.
- 10% will be set-aside for high unemployment areas.
- 2% will be set-aside for infrastructure projects.
- Grandfathering language has been included that ensures investors can proceed with their cases regardless of sunset dates.
- USCIS is now able to accept new Regional Center filings and will start to continue to adjudicate pending cases that were suspended after the program expired last year.
U.S. Immigration Fund is accepting investor applications from all over the world. To see if you qualify for the EB-5 Regional Center Program, click here. USIF became an established EB-5 Regional Center in 2010. Since then, USIF has formed and sponsored highly successful regional centers throughout the United States that have collectively assisted over 5,000 EB-5 investors and their families.