|Waste and abuse in the EB-5 immigrant investment program
September 11, 2015
By Shae Armstrong | Watchdog Opinion:
As the world grows smaller, foreign capital continues to emerge as a viable option for U.S. real estate developers. The EB-5 Immigrant Investment program is a popular category among this foreign direct investment flowing into the U.S. real estate market. Although the original EB-5 Program was established by the Immigration Act of 1990, the program initially failed to gain popularity until early this century. The program’s usage skyrocketed during the great recession due to the lack of financing options available as a result of commercial lending restraints. For the first time in its 25 year history, the 10,000 immigrant investor limit achieved full capacity in 2015....
Click here to read full article