WHAT THE NEW EB-5 REGULATION CHANGES MEAN
Update: 2019-08-09
Description
5 Key Points from the new EB-5 Regulations:
- Increase in the minimum Targeted Employment Area (TEA) investment from $500K to $900K.
- Increase in the minimum non-TEA investment from $1M to $1.8M.
- TEA's will be centrally designated by the Department of Homeland Security.
- TEA's will only be able to include "directly adjacent" census tracts to the census tract of the project.
Effective Date: November 21, 2019 - Any I-526 petitions filed before this date will be grandfathered under the current rules and lower investment amount of $500K for TEA projects
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