Green Cards Given to Foreign Investors Under Scrutiny

 

Foreign investors who lend a hand in some of the projects in the U.S. are given the privilege to have their green cards. However, things are getting tighter as the federal program called EB-5 is currently under scrutiny over renewal and reform.

The program has already funded several projects in most states and some representatives fear that potential development funders may be lost.

Rich foreigners usually can easily get themselves a green card as long as they partake in the investments for some of the projects in the country. Although there are roughly a small number of foreigners who qualify and take advantage of the program, contradicts its impact. According to The Wallstreet Journal, the investments can actually be as large as $4 billion in real estate investments if ever all of the projects move forward.

Source:  http://www.realtytoday.com/articles/42164/20151012/green-card-given-to-foreign-investors-under-scrutiny.htm

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