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The Visa Program Is Vital To Improving The U.S. Job Market, And The EB-5 Program Is Important To The Real Estate Market.

ArmchairPolitiicianImmigrationVisas, October 26, 2017, by Brad Peery, WWW. ArmchairPolitician.US,
Email: ArmchairPolitician.US@gmail.com

Trump’s ambition is to improve the immigration system to bring in immigrants that are beneficial to the U.S. This is a broad objective. Trump has cut the number of immigrants in half to 45,000 for the next year and implemented a temporary ban on 11 countries to be sure the U.S. has a system to properly vet them. The Visa system involves many more people, and one portion of it is the Visa EB-5 program. It allows 10,000 people per year to come in as investors that invest at least $500,000 in the U.S and create at least 10 jobs.

There are limits on the number of investors by country. There is a backlog of EB-5 investors, with China having the most potential investors. In China the backlog is 10 years for this very popular program.

The real estate industry is a primary beneficiary of this program. The investors need to make their investments in advance. With the 10-year backlog in some cases, some of the real estate companies would like to repay the investments before the Visa holders get to the U.S. This would create a problem for the Visa holder. Under the current program, they would lose their Visa if their investment was returned. This can easily happen in the real estate industry, where investment properties are often sold in under 10 years. A redeployment provision is being implemented that allows a Visa EB-5 applicant to reinvest the money and remain eligible.

The program can be attractive to municipalities and redevelopment companies. However, criticism of the program comes from the complaints that the program favors investments in higher income less risky neighborhoods. There are developers that are targeting tier two and three real estate markets They are attractive to homeowners that want to improve their lifestyle in an economical neighborhood. This favors neighborhoods that are under developed, but can be improved by proper property selection and knowledgeable property improvement investments and marketing.

ArmchairPolitician.US Opinion

The program comes up for renewal by Congress in December. 2017. There are proponents of the program that would like to see the minimum investment increased and more of the investments made in rural and disadvantaged communities. There are other improvements that could provide assurances that the programs meet the objectives of creating 10 or more jobs, and improving the opportunities in disadvantaged communities.

This is an example of a Visa program that, if designed properly, can aid the development of real estate markets that are in need of being upgraded while providing attractive possible investment returns, and using foreign investors who wish to come to the U.S. to make those investments and promote U.S. job growth. If each of the investors created 10 jobs, this would add 100,000 jobs per year in the U.S.

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