The New York Times has acquired a document that outlines Biden’s plans to make it “far easier to immigrate to the United States.” The Biden plan for legal immigration will undo Trump-era restrictions, address backlogs and delays, and make it...
Ur Mendoza Jaddou has been nominated by Biden, and has the support of Alejandro Mayorkas, for the position of USCIS Director. At her Senate Judiciary Committee nomination hearing, she declared that effective processing was “at the heart of a functioning...
ReauthorizationThe hotel industry needs EB-5 more than everEB-5 has a history of funding hotel development; after the Great Recession, hotel financing was scarce — and EB-5 came to the rescue. In 2014 and 2015 the program funded hotels and restaurants...
As a financing option that is more flexible and often cheaper than bank or private-equity loans, EB-5 has been invaluable to real estate developers. From 2010 to 2015, EB-5 contributed over $1.1 billion to residential projects in the U.S. EB-5...
S.831, the EB-5 reauthorization legislation in the Senate, and its companion bill in the House, H.R.2901, continue to gain co-sponsors from both sides of the aisle. The Senate bill has sponsors/co-sponsors (two Democratic and one Republican); the House bill has...
The FirstPathways CEO and Chairman will serve in the role for the fifth-straight year. Invest In The USA is the national not-for-profit EB-5 regional center association that represents 95% of the regional centers in the program. Congrats, Bob!See the WebWire...
William Kelly has reached a deal with federal prosecutors for his role in the AnC Bio Vermont EB-5 fraud. The project solicited $110 million from EB-5 investors and was labeled by the Securities and Exchange (SEC) commission a “nearly complete...
After expenses, about $10 million of the settlement funds will go to the receivership for running the ski resorts it manages; approximately $20 million will go to some investors. Over 800 EB-5 applicants invested in various projects run by Quiros,...
An EB-5 investor must demonstrate the lawful source and path of investment funds, and USCIS is particularly stringent with this requirement. With the recent Zhang decision, new pathways for investment funds have opened up, and more prospective EB-5 investors are...
Veteran EB-5 immigration lawyer Bernard Wolfsdorf says his firm has in the last couple months seen approvals for I-526 petitions filed in Q1 FY 2019. Doing the math of recent processing numbers and filings, he says it’s “realistic to guesstimate”...
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