Varie
EB-5 Regional Center Program is Set to be Reauthorized Through 2027
Below is a summarized version of the updated provisions included in the final agreement of the Omnibus that's currently making its way to the President's desk.
The inclusion of this act protects investors from future expirations of the Program and applies to investors who file before September 30, 2026 . The bill also revises the determination of High Unemployment Areas (TEA's) by revoking state and other official government authority to determine TEA's and assigning that to the Secretary of Homeland Security.
Minimum EB-5 investment amounts will be increased from $500,000 to $800,000 for high unemployment areas (TEAs) and from $1,000,0000 to $1,050,000 in non-designated TEA areas. Also included is a visa set-aside which provides priority for 32% of all EB-5 visas within a fiscal year for specific projects with 20% of visas for rural projects, 10% of visas for high unemployment areas and 2% for infrastructure projects. If set-aside visas remain unused after the following year, they will be made available to all qualifying EB-5 applicants. Grandfathering language has been enhanced and ensures that investors have the ability to proceed with their cases regardless of sunset dates.
" said Ronald Klein , a partner with Holland & Knight LLP.
STAY UP TO DATE WITH USIF
Nick Mastroianni, II , Chairman of USIF added, He continued,
By working closely with members on both sides of the aisle in Congress and Senate with the goal of creating strong economic development and U.S. jobs across urban and rural areas we were able to have the initial bill that was proposed in July refuted to provide an opportunity to allow for a holistic Program that addressed the economic needs of the United States as a whole and has favorable measures for investors worldwide. With that in mind, USIF and its partners worked to bring all stakeholders together with a unified voice to come up with a legislative policy that was embraced by all stakeholders within the industry.
Mastroianni continued, he concluded.
We will continue to provide you with updates regarding the regional center reauthorization outcome.
Contact: info@usifund.com