“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 Investor Program Office at the USCIS had three jobs to do. With the regional center closed, they have only one. So, what’s the hold-up with I-829s?
What many had feared has happened: The regional center program will expire next week, potentially affecting as many as 100,000 investors.
If passed, the bill would see EB-5 wait times for applicants filing today equalized to more than eight years, regardless of country of origin.
In a big week for EB-5, the program received another short-term extension and nearly doubled its number of available visas.
New regulations that raise the minimum investment requirements are now in effect. But legislative developments may change the rules again within a month.
