A federal program allowing foreign nationals to secure a green card in exchange for investing in job-creating ventures, including commercial real estate development, is gaining new cachet among developers stymied by the lack of traditional financing.
Known as the Immigrant Investor Program, or EB-5 visa, the program administered by the U.S. Citizenship and Immigration Services (USCIS) under the Department of Homeland Security provides a permanent resident visa, or green card, to foreign investors if they invest $1 million in a U.S. project that creates or retains at least 10 jobs.
Read more...Visa Program Seen Playing Bigger Role in Financing CRE Development - CoStar Group
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.