New & Removed RCs, Processing Times, Websites, Multifamily, NYT, Best Practices
May 15, 2015 Leave a comment
New & Removed Regional Centers
Additions to the USCIS Regional Center List, 4/28/2015 to 5/11/2015
- Golden State Economic Development Fund, LLC (California)
- Encore Midwest Regional Center, LLC (Illinois and Missouri): encoreeb5.com
- White Lotus Group Regional Center (Iowa and Nebraska)
- Liberty Minnesota Regional Center (Minnesota and Wisconsin): libertyregionalcenters.com
- American Regional Center Opportunity Fund, LLC (New Jersey, New York, and Pennsylvania)
- Vistar’s EB-5 Business Alliance of Texas LLC (Texas)
Additions to the USCIS Terminated Regional Center List 4/22/2015 to 5/7/2015
- LaSalle County Business Development Center (LCBDC) (Illinois)
- US HITEC Regional Center (Illinois)
- Tennessee Regional Center, LLC (Tennessee)
Other Items of Note
- Catherine DeBono Holmes and Victor T. Shum have written another practical and timely article on securities compliance, this one on “The Basic Rules of Website Advertising for EB-5 Securities Offerings” (May 7, 2015). Regional Centers take note, and make sure that your web designer didn’t add any content that could bring you trouble.
- The New York Times published an EB-5-related article today that combines analysis with some human interest on the investor side: Want a Green Card? Invest in Real Estate (May 15, 2015).
- I recently realized that the National Multifamily Housing Council has a helpful page of EB-5 research and resources relevant for developers.
- USCIS has posted the monthly update for IPO processing times, with no significant movement from last posting (I-526: 14 months, I-829: 12.7 months, I-924: 12.1 months as of March 31, 2015). The overdue report on petition volumes for Q2 2015 has still not been published, and the latest State Department Visa Bulletin hasn’t moved the China cut-off date.
- IIUSA has posted its Newly Adopted Industry Best Practices Provide Guidance for Engaging with Intermediaries in an EB-5 Transaction. Another great resource for Regional Centers hoping to avoid problems