Rush Is On To Apply For EB-5 As Lawmakers Debate Reforms
Law360, Miami (September 25, 2015, 2:00 PM EDT) -- Investors and developers in South Florida are rushing to apply for the EB-5 Immigrant Investor Program ahead of the Sept. 30 expiration date as lawmakers in Washington debate changes that could increase investment minimums and exclude projects in many top markets, experts say.
Many are hoping they'll be grandfathered in if Congress opts for a short-term extension of the current system, which looked increasingly likely in recent days. But unease about the future of the program — which enables investors to obtain green cards if the projects meet certain job creation targets — continues as attorneys and other EB-5 professionals await...
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