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ARTICLE · 20 JANUARY 2015

The EB-5 Visa Program: A Popular Real Estate Financing Program's Reauthorization Is Uncertain

Reed Smith
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The EB-5 Visa Program has become an increasingly popular vehicle for real estate project financing in the United States.

United StatesReal Estate and Construction
Jennifer Magalhaes
Jennifer Magalhaes
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The EB-5 Visa Program has become an increasingly popular vehicle for real estate project financing in the United States. Last year, for the first time in the Program's history, the annual supply of EB-5 immigrant investor visas, which is capped at 10,000, was fully depleted. More than 11,000 foreign citizens applied for EB-5 Visas in 2014.

The EB-5 Program was established by Congress in 1990. It is intended to stimulate the U.S. economy through job creation and capital investment by foreign investors. It is administered by the U.S. Citizenship and Immigration Services (USCIS), a division of the Department of Homeland Security. The EB-5 Program sunsets every three years and must be renewed by Congress for the program to continue. It's up for review again in September of 2015. 

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