Biden and members of Congress reauthorized a little-known program that peddles United States visas, and eventually naturalized American citizenship, to China’s wealthy real estate investors.
Included in the bill, though, are a number of
by Sens. Chuck Grassley and Patrick Leahy . Specifically, the Grassley-Leahy reforms include annual reporting requirements to the Department of Homeland Security , a prohibition on foreign nationals implicated in fraud and foreign government officials from receiving EB-5 visas., 10,000 foreign nationals and their families are allowed to enter the U.S. every year on the EB-5 visa.
Manhattan’s West Side may not suffer for lack of opportunity, but, as Kimmelman notes, New York real estate is a realm for Kurosawa-esque visionaries. Thefor this project. To qualify, Related needed a work-around to bypass the distressed-area requirements—a pass that New York authorities were happy to issue
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