EB-5 is alive, but for developers and investors future remains uncertain
Developer demand has fallen for the federal visa program that was extended until Dec.7
EB-5, the once wildly popular green card program giving developers easy access to financing at low rates, is alive but in limbo.
Developer demand has fallen, and backlogs in issuing those green cards has created investor uncertainty. The program, which was scheduled to expire Sept. 30, received a reprieve Friday from President Trump, but only through Dec. 7.
- New York
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