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By Priscilla Oye Ofori\u00a0<\/p>\n
Accra, Oct.31, GNA \u2013 Houston EB5 has partnered 3INVEST host an Open House to showcase \u201cThe Frederick\u201d, its most recent investment opportunity.\u00a0<\/p>\n
\u201cThe Frederick,\u201d which consisted of a 200-room full-service luxury hotel and event centre, condominiums, multi-family rental units, and nearly 30,000 square of retail space is located in Fredericksburg, Texas, between Austin and San Antonio, the top two fastest-growing cities in the United States of America (USA).\u00a0<\/p>\n
The project, designated as a rural project allows for a minimum investment of $800,000 and a 20 percent visa set-asides for rural Targeted Employment Area (TEA) projects against 10 percent for urban TEA ones.\u00a0<\/p>\n
It was an opportunity for EB-5 investors to invest in a \u201cworld-class\u201d real estate project in Central Texas, the fastest growing region in the United States.\u00a0\u00a0<\/p>\n
Ms Ruth Obih, Managing Director, 3INVEST said the new real estate project and its priority processing designation brought another ray of hope to potential EB-5 investors.\u00a0<\/p>\n
She said the multi-use development had received EB5 Priority Processing designation ensuring the fastest possible processing times in the EB5 program.\u00a0<\/p>\n
Houston EB5, certified by United States Citizenship and Immigration Services (USCIS) as an EB-5 Regional Center, and had worked diligently to provide success for clients on I-526 and I-829 approvals.\u00a0<\/p>\n
With over 20 successful EB-5 raises and projects totaling 1.5 billion dollars in value, Houston EB5 projects sponsored more than 1,300 green cards and a 100 per cent capital repayment history.\u00a0<\/p>\n
In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centres approved by US Citizenship and Immigration Services (USCIS) based on proposals for promoting economic growth.\u00a0<\/p>\n
The EB-5 Immigrant Investor Programme has gone through significant changes in 2022 with the enactment of the EB-5 Reform and Integrity Act (RIA) in March of 2022.\u00a0\u00a0<\/p>\n
The new law contains significant protections and transparency measures to the benefit of EB5 investors and features priority processing for investors that invest in projects outside of large cities.\u00a0<\/p>\n
GNA\u00a0<\/p>\n