Law360, New York (January 11, 2016, 11:39 AM EST) -- Scott E. Betteridge
Rogelio J. Carrasquillo
Congress temporarily extended the EB-5 regional center program to allow qualifying foreign investors to apply for permanent residency until September 2016. Though increasingly important to major developers as a major source of capital, Congress temporarily reauthorized the regional center program in its present format, but additional changes to the program are expected to occur before next September.
Originally created in 1990, the EB-5 immigrant investor program allows foreign nationals to qualify for permanent residency (that is, apply for a 'green card') based on their at-risk investment into a job creating new commercial enterprise within the United...
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