Rule Reforming the EB-5 Program Published ☘ Hoey Team ☘ eXp Realty Florida

Dated: August 7 2019

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On July 24, 2019,The Department of Homeland Security (DHS) issued a Final Rule to reform and modernize the EB-5 program.

This rule provides priority date retention to certain EB-5 investors, increases the required minimum investment amounts and reforms targeted employment area (TEA) designations.

NAR signed onto to a broader Coalition comment letter on May 17, 2019, expressing concern that some of these changes, especially the higher required minimum investment amounts, would make the program more difficult to use, thereby making less capital available for real estate development projects.  We anticipate another opportunity will be available to sign onto a stakeholder letter to urge comprehensive Congressional reform of the program, in lieu of piecemeal regulatory changes, by EB-5’s September 30, 2019 expiration date.

Article content from NAR Realtor Magazine

 

Also; please check out the other blogs, and tabs to many other Links, Updates & Reports that we have here on our informational website.  â˜˜

We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team â˜˜ brokered by eXp Realty

Email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team ☘ at:  (239)-360-5527 

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"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

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