Meet Trump's Kind Of Immigrants: Wealthy Investors Who Funded A Kushner Development In Jersey City
The Donald has complained bitterly about immigrants and the American immigration system, but there's a Trump building in Jersey City built with funds secured through a controversial government immigration program that allows wealthy foreigners to attain visas — and possibly citizenship — by investing in American real estate projects.
The Jersey City project, Trump Bay Street, was erected by Trump's son-in-law, Jared Kushner, along with real estate developers KABR Group. Before they agreed to license the Trump name and affix it to their building in 2014, Kushner and KABR secured $50 million in funding from about 100 investors from China, South Korea and Vietnam. In turn those funders used their investment to apply to the federal government's EB-5 visa program. Under the program, a foreigner who makes a $500,000 investment in a project that will create at least ten jobs can apply for a green card and earn legal U.S. residency in two years or so, a much quicker pace than many other visa programs.
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