The EB-5 visa investor program has been around since 1990. It offers a path to US Citizenship to people who lend a minimum of $900,000 to a U.S.-based project that creates or retains at least 10 US jobs.
While the Trump administration cracked down on immigration, he's spared EB-5, which has dealt with accusations of abuse. Still, the program has faced challenges in recent years.
Ronald Fieldstone, an attorney at Saul Ewing Arnstein & Lehr, thinks a Biden win would rejuvenate interest in the program as students and technology workers would express interest in moving to the US.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
