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Chinese-Buffett Deal Food for Thought for Seekers of U.S. Visas

From The New York Times:

What was once the only skyscraper in Rockford, Ill., is getting an overhaul under an urban-renewal program that is bringing together Warren Buffett and Chinese investors looking for a U.S. visa…

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized before October 1, and continues to work with international families that want to explore alternative residency options.

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