How the EB-5 Visa Is Shaping North Texas Real Estate

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Photo courtesy of D Magazine

These days, everyone seems to be talking about EB5. The program was created more than 25 years ago to stimulate the U.S. economy through job creation and capital investment by foreigners. Basically, non-Americans can secure green cards for themselves and their spouses and children by making a $1 million investment that creates a minimum of 10 full-time U.S. jobs. If the investment is made in a targeted employment area, or TEA, the qualifying minimum drops to $500,000.

For the first couple of decades, EB5 was sparsely used, and the investments primarily went into existing or new commercial enterprises. But then the Great Recession hit, capital markets went into a deep freeze, and frustrated real estate developers began seeking new ways of getting funding for their projects. EB5 emerged as an intriguing possibility. Read More >