EB-5 Supply and Demand By Gregory Finkelson
The elephant in the EB-5 room has always been the inordinate length of time it has been taking for the USCIS to process I-924 applications. In many, if not most, cases the processing time has been well in excess of 12 months. This is the result of underestimating the demand, especially from China, and being understaffed and underequipped as a result.
Three things have happened recently that have reduced processing time to 4.4 months, according to the National Law Review.
- I-924 processing has been moved to the Immigrant Investor Program Office.
- Regional Centers are proliferating throughout the US, not only promoting more projects, but also providing more assistance for investors.
- The USCIS is now approving I-924s on the basis of ďhypothetical projects.Ē
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