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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.
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All Regional Center designations are now defunct and all entities seeking to recruit RC-based investors must file for designation again.
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While the regional center program has been reauthorized, individual RCs need authorizations of their own through I-924s, Brian Ostar prompts.
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“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.”
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The EB-5 Reform will bring minimum investment levels to $800,000 and $1,050,000 and grandfather in existing regional center investors.
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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.
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The Department of Homeland Security will not appeal the Behring ruling after all, confirming $500,000 minimum investments for direct EB5.
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What do “budget reconciliations,” “continuing resolutions,” “omnibuses,” and “minibuses” mean for the future of EB-5? Aaron Grau answers.
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“By filing numerous lawsuits because the agency wasn’t doing anything in 2019, we finally got the agency moving again,” says Matt Galati.
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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.
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Tens of thousands of lawsuits could stem from the Regional Center Program’s lapse, warns IIUSA’s Executive Director Aaron L. Grau.
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“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.
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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.
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Though the Senate rejected Grassley and Leahy’s request for unanimous consent, reauthorization bills are still pending, writes Aaron Grau.
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What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.
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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.
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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.
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The United States Citizenship and Immigration Service (USCIS) received only 25 I-924 applications – the petition private and public economic
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President Trump yesterday signed a spending package that included a short-term “continuing resolution” (CR) to extend the EB-5 Regional Center
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Following the passage of the Omnibus Appropriations Act in the House of Representatives on Thursday and in the Senate on
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