H. Ronald Klasko (Ron), the founding partner of Klasko Immigration Law Partners, LLP, addressed real estate lawyers from around the state at PBI’s 14th Annual Real Estate Institute on what they need to know to help their clients raise capital for US projects through the USCIS’ EB-5 Visa Program.
Mr. Klasko’s talk focused on how, with sources of capital drying up or frozen, developers around the country are turning to the EB-5 green card program to fund new projects. The program is simple to understand. Foreign investors can get a fast track green card to live in the US by investing in projects that create jobs. The program allows for a $500,000 investment by the foreign investor in projects designated as “regional centers.” Developers are actively trying to get such designations for their projects.