EB-5, the once wildly popular green card program giving developers easy access to financing at low rates, is alive but in limbo. Developer demand has fallen, and backlogs in issuing those green cards has created investor uncertainty. The program, which was scheduled to expire Sept. 30, received a reprieve Friday from President Trump, but only through Dec. 7. The extension was part of a spending package the president signed to avoid a government shutdown. Congress […]
source https://therealdeal.com/la/2018/10/01/eb-5-got-a-lifeline-but-for-how-long/#new_tab
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