The EB-5 visa program, which is enormously popular with developers but criticized by some lawmakers as an unfair express route to U.S. citizenship for the wealthy, just got a five-day reprieve. Renewal of the program – which awards a U.S. green card to foreigners who invest $500,000 into the U.S. economy – was part of a short-term spending bill approved by the House of Representatives Friday. (more…)
Source: The Real Deal
