Rethinking EB-5: Reforms to the Immigrant Investor Program to Encourage Investments in Affordable Housing and Workforce Rental Housing

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Summary
Since 1990, the EB-5 Immigrant Investor Program has helped eligible foreign nationals attain permanent legal residence in the U.S., so long as they make a sizable job-creating investment in the country. Few investors took advantage of the program in its early years, but the program is now oversubscribed. This provides an opportunity for meaningful reforms, with the dual goals of mitigating fraud and maximizing the social and economic impact of each invested dollar.
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