The EB-5 visa program, heavily favored by New York developers as a way of raising cheap capital overseas, is headed toward another six-month extension. The so-called “clean” extension does not include changes backed by Sen. Chuck Grassley, a staunch critic of the program, which gives green cards to foreign investors in exchange for a $500,000 investment. Language extending EB-5 through Sept. 30 was inserted in the federal omnibus bill released Wednesday night. Federal lawmakers have […]
source https://therealdeal.com/2018/03/22/deja-vu-eb-5-gets-yet-another-six-month-extension/
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