ALPM Newsletter: Changes Are Coming To The EB-5 Program
According to a recent Zillow survey, more than 100 economists and real estate experts said they
expected home values to end 2016 up 4 percent year-over-year, a slight bump in expectations of 3.7 percent annual growth for this year.
They further predicted that home values will grow steadily in the 3 percent to 4 percent range over the next few years.
Every day the A List Partners Team sees plenty of opportunities in this market that can produce higher than average returns on investment! To learn how we can help you take advantage of these opportunities, talk to a Member of the A List Partners Team today!
Changes Are Coming To The EB-5 Program
In the past 7 years, the EB-5 program has grown rapidly.
The EB-5 visa is now an important way for a foreigner who wants to obtain permanent residency in the U.S. Fiscal year 2014 is the first time that the program had reached its numerical cap.
In last year, the US Congress came to an agreement to temporarily extend the program unchanged until September, 2016 and gave the legislature more time to work on a final bill. Due to the fast growth of the program, there is a high chance that the congress will change the current EB-5 program this year.
The most significant change to the EB-5 program will likely be a change to the investment amount requirements. The minimum investment amount will likely increase from $1,000,000 to $1,200,000. Also, job creation requirements could be modified with a focus on creation of direct jobs, instead of indirect jobs. It is also possible that the filling expenses will increase.
It is apparent that the EB-5 green card will be more difficult to get in the near future. As a potential EB-5 investor, it’s important to stay current on these possible changes. If you have any questions about the EB-5 program or potential changes, please contact us.
1107 Taulbee Lane
915 Stobaugh Unit A