Re:A city for the rich, built poorly: The construction of Hu...
by DuskStar on Sunday May 12, 2019 @12:32AM
(#19890169)
And why on earth would those EB-5 visa holders have invested in low-income housing? Nothing in the visa requirements description seems to mention 'low-income', 'distressed', 'economically disadvantaged' or anything of the sort. [0] Here:
> All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
> Established after Nov. 29, 1990, or
> Established on or before Nov. 29, 1990, that is:
> 1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
> 2. Expanded through the investment so that at least a 40-percent increase in the net worth or number of employees occurs
The closest thing is how it specifies amounts - $1m in general, or $500,000 in rural or high unemployment areas. Which is closer, but still doesn't require low-income housing...
> All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
> Established after Nov. 29, 1990, or
> Established on or before Nov. 29, 1990, that is:
> 1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
> 2. Expanded through the investment so that at least a 40-percent increase in the net worth or number of employees occurs
The closest thing is how it specifies amounts - $1m in general, or $500,000 in rural or high unemployment areas. Which is closer, but still doesn't require low-income housing...
0: https://www.uscis.gov/working-united-states/permanent-worker...