EB-5 News & Updates #114 February 21-28
Posts
 | #EB-5 program is extended till September 30th 2019. | |
| #EB-5 program is extended till September 30th 2019. On February 15, President Trump signed the Consolidated Appropriations Act, 2019 thereby averting another government shutdown. The spending bill funds the federal government and... | ||
 | EB-5 REGULATIONS GET CLOSER TO THE FINISHING LINE…HR 1044…SHOULD THE EB-5 INDUSTRY BE WORRIED? | |
| As attention returns back to the EB-5 program, Senator Grassley tweeted vigorously yesterday in support of immediate OMB (Office of Management and Budget) action on the proposed legislative reform, claiming, yet again, that the program... | ||
 | EB-5 Immigrant Investor Program Modernization | |
| In January 2017, the Department of Homeland Security (DHS) proposed to amend its regulations governing the employment-based, fifth preference (EB-5) immigrant investor classification. In general, under the EB-5 program,... | ||
Updates
Firms Updates | ||
 | USCIS moves EB-5 Modernization Rule to OMB | |
| On 2/22/19, USCIS forwarded the EB-5 Immigrant Investor Program Modernization final rule (RIN 1615-AC07) to the Office of Management and Budget (OMB) – AGENCY: DHS-USCIS RIN: 1615-AC07 Status: Pending Review TITLE: EB-5... | ||
 | Kushner Cos. picks up $1.1B suburban multifamily portfolio | |
| Lone Star Funds CEO John Patrick Grayken and Charlie Kushner Deal for 6K rental units in Maryland and Virginia is biggest transaction for company since 666 Fifth Kushner Companies has made its largest acquisition since it paid a record $1.8... | ||
 | U.S. Congress Passes Continuing Resolution to Re-Open the U.S. Government Including EB-5 and Other Programs | |
| On Friday, January 25, 2019, the U.S. Congress passed and President Trump signed a continuing resolution to fund the U.S. government for three weeks to February 15, 2019, while negotiations continued over how to provide border security.... | ||
Project Updates | ||
 | Burke land sales bring in $500,000 for EB-5 cleanup | |
| Burke Mountain Hotel and Conference Center in East Burke. While Jay Peak ski resort hit the market earlier this year, smaller pieces of... | ||
 | American Lending Center Celebrates Opening of Four Points By Sheraton | |
| American Lending Center (ALC), one of the nation’s leading EB-5 regional centers, celebrates the opening of another successful... | ||
 | EB-5 Investors Renew Visa Fraud Case Tied to Incomplete Fort Lauderdale Resort | |
| 550 Seabreeze Blvd., Fort Lauderdale. The unfinished 139-unit hotel steps from the ocean was sold in a bankruptcy auction to a... | ||
User Updates | ||
 | EB-5 Modernization Regulation Advances | |
| The Office of Management and Budget List of Regulatory Actions Currently Under Review shows that the EB-5 Modernization Regulation advanced on Friday to the OMB Review stage. OMB Review is the last step in the rulemaking... | ||
 | Retrogression Math | |
| Retrogression — as people imprecisely call the visa wait times resulting from oversubscription — is my least favorite EB-5 topic. The problem threatens my market, and I’d love for it to go away. There are two ways to make the retrogression... | ||
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