IIUSA has released a report analyzing EB-5 processing times. While record numbers of I-526 and I-829 approvals occurred last fiscal year, new I-526 filings plummeted 47% year over year, likely due to the uncertainty of the program and the backlog.
In FY 2018, USCIS adjudicated 14,852 I-526 petitions, up 20% year over year. The Investor Program Office (IPO) stated they are “aiming to be more productive in processing I-526 cases moving forward.” (Remember this quote when reading our next story.)
With a steep decrease in new I-526 filings and a 20% increase in I-526 adjudications, USCIS was able to reduce their I-526 backlog by 42%, the first time for a backlog reduction since FY 2013.
While IPO was able to process more I-829 filings than the previous year, the number of pending I-829 petitions still grew — due to I-829 filings increasing a 25% year over year.
Read the IIUSA report
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