EB-5 gets yet another six-month extension

EB-5 gets yet another six-month extension

EB-5 Visa, EB5 Visa, EB5 Investments

From left: Sen. Chuck Grassley, Jeff Blau, Nick Mastroianni

Sen. Grassley said "moneyed" developers quashed reform

The EB-5 visa program, heavily favored by New York developers as a way of raising cheap capital overseas, is headed toward another six-month extension.

The so-called “clean” extension does not include changes backed by Sen. Chuck Grassley, a staunch critic of the program, which gives green cards to foreign investors in exchange for a $500,000 investment. 




  • New York

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