Recap of the March 3, 2017 EB-5 Immigrant Investor Program Stakeholder Engagement
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On March 3, 2017, the USCIS Immigrant Investor Program Office (IPO) held an EB-5 Stakeholder Engagement in which several important updates to the program were provided.
“Unofficial” Statistics for Fiscal Year 2017
From October to December 2016, USCIS saw a surge in petition filings, likely due to an upcoming sunset in the EB-5 regional center program as well as an increase in USCIS filing fees that took effect on Dec. 23, 2016. Specifically, there were 4,395 I-526 petitions filed; 184 I-924 applications filed; and 752 I-829 petitions filed. During this time, USCIS adjudicated 3,583 I-526 petitions (a 120 percent increase), 88 I-924 applications and 112 I-829 petitions. IPO noted that they are currently receiving petitions and applications at a rate faster than they can adjudicate, but hope that this will change with increased hiring and improved efficiency of processes.
USCIS is authorized to hire up to 247 employees over the fiscal year 2017, which will hopefully have a positive effect on improving processing times. IPO also hopes that the creation of a dedicated I-829 adjudication division will increase output on adjudications of all relevant applications and petitions in the EB-5 category.