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LEGISLATIVE NEWS

EB-5 PROGRAM LEGISLATION UPDATES & RESOURCES

On March 15, 2022, President Biden signed a law that made favorable changes to the EB-5 program, authorized a new EB-5 Immigrant Investor Regional Center Program, and directed that certain “grandfathered” immigration benefits be processed.

On June 24, 2022, a Judge issued a preliminary injunction against USCIS which requires USCIS to allow all previously designated EB-5 regional centers to presently operate. This decisions allows for new EB-5 investors to now be able to file I-526 petitions with existing pre-authorized Regional Centers including U.S. Immigration Fund.

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What are the biggest changes to the EB-5 Program that I should know?

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The EB-5 program now consists of annual set-aside categories for certain projects including 20% for rural areas, 10% for investment in a high unemployment area, 2% for infrastructure projects.

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Any new EB-5 investors who selects a TEA or rural project after March 15th, 2022 will qualify for EB-5 visa set asides and faster visa processing.

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There are NO waiting lists for new EB-5 visas for any country within the set aside categories. New investors will receive priority processing with approvals possible in as little as 120 days.*

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Investors can concurrently file their I-485 Adjustment of Status and their EB-5 I-526 petitions allowing you to remain in the U.S. while awaiting their visa approval and in the meantime obtain a 2-year temporary work permit and temporary travel permit in approximately 6 months after submitting the application.

READ EB-5 LEGISLATION NEWS

Government Reopened as Shutdown Temporarily Ceases and EB-5 Regional Center Program Officially Reinstated

The president has agreed to temporarily re-open the Federal Government until February 15th. The president signed a three-week extension that will end the government shutdown....
statue of liberty during government shutdown

EB-5 Program During Government Shutdown: Facts Investors Need to Know

The EB-5 Regional Center Pilot Program was established in the United States in 1994 and enables foreign investors to obtain a U.S. visa by investing...

The XI Visionaries Gallery by Gabellini Sheppard Associates: 2018 Best of Year Winner for Sales Center Project

January 17, 2019 By Edie Cohen PROJECT NAME The XI Visionaries Gallery LOCATION New York FIRM Gabellini Sheppard Associates SQ. FT. 12,000 SQF   Developed by...

280 Cadman Plaza West ‘One Clinton’ Officially Launches Sales in Brooklyn Heights

Construction is moving along at 280 Cadman Plaza West, officially known as ‘One Clinton’ in Brooklyn Heights, New York. One Clinton, a 38-story tower has formally...

“The XI” Begins Rapid Ascent Above The High Line At 76 Eleventh Avenue

Since its first tower topped-out, The XI has been making steady progress, and now the project’s second residential building is starting to rise adjacent to...

Sales launch at Brooklyn Heights library-replacing condo tower, from $1.1M

    Nearly four years after the Brooklyn Public Library announced the sale of its Brooklyn Heights branch, sales have started at the 38-story condo...

One Clinton Officially Launches Sales In Brooklyn Heights

JANUARY 10, 2019 Located across from Cadman Plaza Park, One Clinton has officially launched sales of its 133 residences. Developed by The Hudson Companies Inc., the Marvel Architects-designed tower...

These were the 10 priciest Manhattan condo filings of 2018

HFZ topped the list of accepted filings with its $2B project at 76 11th Ave By Meenal Vamburkar  December 26, 2018 01:00PM From left: 76...

*Based on USCIS data provided in The Reform and Integrity Act 

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