November 17, 2024 2:26 am
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Lawmakers to revisit debate over EB-5 visa program

EB-5By Eliot Brown | The Wall Street Journal

U.S. lawmakers in Congress are gearing up for a new round of fighting over who should benefit from a federal program that offers green cards to certain foreign investors.

The program, known as EB-5, has become a favorite tool of real-estate developers, who are using it to help secure low-cost financing for major projects like the $20 billion Hudson Yards development in Manhattan and luxury condo towers in Miami.

Continued:

Related: PhoenixMart may be in deep trouble with the feds/Rose Law Group Reporter

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.