Lawmakers to revisit debate over EB-5 visa program

By 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.

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

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April 13, 2016

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Lawmakers to revisit debate over EB-5 visa program

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