Can an apartment complex remodeling qualify as an EB-5 project? - EB5Investors.com

Can an apartment complex remodeling qualify as an EB-5 project?

Since building a brand-new construction is not feasible in this economic environment, could remodeling an old apartment complex with the mandatory EB-5 investment amount and job creation potential qualify as an EB-5 project for a regional center?

Answers

Lynne Feldman

Lynne Feldman

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

Possibly, but the problem with construction projects is the jobs are the during construction but not afterwards.

Michael A Harris, Esq

Michael A Harris, Esq

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

Yes it could. But an economic impact study will be needed to evaluate how many new jobs would be created as a result.

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