Fed unanimously approved its third consecutive interest rate hike at 0.75 percentage point in their September FOMC Meeting, lifting its benchmark federal funds rate to a range between 3%-3.25% – a level that was last seen in 2008. This move signals additional increases are likely to follow in the two […]
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ARCFE Group 13 38th Ave project had its groundbreaking ceremony this past Tuesday, June 14th. ARCFE Management Team participated in the groundbreaking ceremony. We are very excited to see the project getting a head start in construction. The 38th Ave project is a 7 stories mixed-use building consisting of 7,705 […]
The Department of States has posted the July Visa Bulletin. The Employment Base Fifth visa categories are as below: CHART A: FINAL ACTION DATES CHART B: EB-5 DATES FOR FILING Except for the Unreserved EB-5 category for China, the rest shows “CURRENT”. This is the golden window for investors from […]
RECAP USCIS claims that their interpretation of the Act was based on Senator Grassley’s (co-author of the Act) word choice. The immigration agency sees the EB-5 Regional Center program after March 15, 2022 (date Congress passed the Act) as a brand new program that requires all Regional Centers to get […]
On June 2nd, USCIS released two following forms: I-956F (“Application for Approval of an Investment in a Commercial Enterprise”) and I-956G (“Regional Center Annual Statement”), along with filing instructions for both forms. ARCFE has filed form I-956 for Regional Center designation on May 19th, and is currently working closely with […]
A group of Regional Centers along with the EB-5 organization INVEST IN THE USA (IIUSA) has recently filed a lawsuit against United States Immigration and Citizenship Service (USCIS) attempting to block the agency’s attempt to require all Regional Centers to get reauthorized. This is the second lawsuit filed regarding this […]
According to the Q&A published by USCIS on April 29th, 2022, all Regional Centers (including those previously authorized) are required to file form I-956 along with other necessary documents to USCIS in order to raise EB-5 funds through the Regional Center program moving forward. Expecting the requirement earlier on through […]
The Department of States has posted the June Visa Bulletin. The Employment Base Fifth visa categories are as below: CHART A: FINAL ACTION DATES Chart A gives the final action date for EB-5 investors who have their I-526 petitions already approved. For investors from countries with “C” as their final action […]
Four Congressional leaders came together and published a bipartisan letter to the Department of Homeland Security Secretary Mayorkas on May 9th, 2022. The letter specifically mentioned that Congress did not intend for all Regional Centers to go through redesignation per the confusing interpretation that sparked outrage published by USCIS on […]
After two years of disruption due to the COVID-19 pandemic, the industry’s authoritative IIUSA Industry Forum was successfully held in Orlando, Florida from April 12th to 13th. Many of the EB-5 industry’s leading Regional Centers, Attorneys and immigration intermediaries attended the two-days event to discuss the reauthorization of the EB-5 […]