EB5 Capital announced that the United States Citizenship and Immigration Services (USCIS) has begun to issue I-526 Petition approvals for investors in EB5 Capital’s Dock 79 (formerly known as Riverfront at the Navy Yard) mixed-use project in the Capitol Riverfront neighborhood of Washington, D.C.
The I-526 Petition is the first step in the process for immigrant investors seeking to become permanent residents of the United States by investing through Regional Centers in new, job-creating enterprises.
The initial I-526 Petition approval confirms that the Dock 79 project meets the federal government’s economic development and job-creation requirements.
EB5 Capital raised $17 million in preferred equity financing from 34 immigrant investors to help finance Dock 79, the first phase of a multi-stage, mixed-use development that is revitalizing the Capitol Riverfront neighborhood along Washington, D.C.’s Anacostia River.
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