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USCIS last week shocked the EB5 market by saying all regional centers will need redesignation. That’s not the case, say congressional leaders.
All Regional Center designations are now defunct and all entities seeking to recruit RC-based investors must file for designation again.
While the regional center program has been reauthorized, individual RCs need authorizations of their own through I-924s, Brian Ostar prompts.
“It’ll take a long time for this new program to be stable,” says Matt Galati. “I don’t know if that gets done before 2027, frankly.”
The EB-5 Reform will bring minimum investment levels to $800,000 and $1,050,000 and grandfather in existing regional center investors.
The more than 40,000 EB-5 investors left in the lurch by the closure of the Regional Center Program are not going down without a fight.
The Department of Homeland Security will not appeal the Behring ruling after all, confirming $500,000 minimum investments for direct EB5.
What do “budget reconciliations,” “continuing resolutions,” “omnibuses,” and “minibuses” mean for the future of EB-5? Aaron Grau answers.
“By filing numerous lawsuits because the agency wasn’t doing anything in 2019, we finally got the agency moving again,” says Matt Galati.
EB-5 min. investment amounts could change for a third time in two years if the Behring appeal goes ahead. That’s a big “if”, says Matt Galati.
Tens of thousands of lawsuits could stem from the Regional Center Program’s lapse, warns IIUSA’s Executive Director Aaron L. Grau.
“The reason for the rule matters when it comes to how the EB-5 program fulfills the policy’s purpose,” writes IIUSA Executive Director Aaron Grau.
Is EB-5 dead? How does direct EB-5 work? Will the regional center program return? Is it true that minimums are back to US$500,000? Matthew Galati provides a jargon-free status update on EB-5.
Though the Senate rejected Grassley and Leahy’s request for unanimous consent, reauthorization bills are still pending, writes Aaron Grau.
What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.
Following a ruling yesterday, the EB-5 Modernization Rule, which raised the program’s minimum investments in 2019, is no longer in effect. That could change quickly.
Between Jan and Sep 2019, the USCIS terminated 75 regional centers and approved only six. 80% of terminations since ’08 have taken place in the last two years.
The United States Citizenship and Immigration Service (USCIS) received only 25 I-924 applications – the petition private and public economic
President Trump yesterday signed a spending package that included a short-term “continuing resolution” (CR) to extend the EB-5 Regional Center
