The Real Deal Los Angeles

EB-5 visa program gets another lifeline until end of April

A new bill would likely raise investment to $800K and redefine targeted employment areas
By Katherine Kallergis | December 14, 2016 12:00PM

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From the South Florida website: Congress extended the EB-5 program until April 28, marking yet another short-term renewal of the controversial visa program.

The program, which grants foreign investors green cards after they invest at least $500,000 in job-producing ventures, was set to expire on Friday. EB-5 was included in the continuing resolution Congress passed. [more]