While there are many questions about the future of the EB-5 visa investor program, Roy Carrasquillo of Carrasquillo Law Group thinks the program makes too much sense not to continue and will be extended before it is set to expire this summer.
"Given the large amount of job creation and economic development that it brings, I believe that it will be extended this summer," Carrasquillo says.
One of the reasons Carrasquillo feels very optimistic about the future of EB-5 under the Biden Administration is the background of Alejandro Mayorkas, who heads the Department of Homeland Security. He played a vital role in revitalizing the program during the Obama Administration and has experience with US Citizenship and Immigration Services, which oversees the EB-5 program, according to Carrasquillo.
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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.
