Washington, DC – EB5 Capital announced today that multiple I-526 approvals have been received by investors in its 1900 Half Street project in Washington, DC. Along with the previously approved I-924 exemplar petition, the I-526 approvals represent the completion of the first stage of the EB-5 immigration process for investors. These first approvals came in just over 10 months – the United States Citizenship and Immigration Services’ (USCIS) current average I-526 approval time is between 20 and 26 months.
“Achieving I-526 approvals, especially in this amount of time, is extremely rewarding for our company, and our investors” said Nhat Huynh, Investor Relations Manager. “We are thrilled to continue to see our projects receive exemplar and I-526 petition approvals ahead of USCIS’ average processing times.”
The 1900 Half Street project is a $44.5 million preferred equity investment in Douglas Development Corporation’s redevelopment of a former office building into a luxury apartment building with 17,000 square feet of ground-floor retail. Located in the growing Buzzard Point area, and directly across from the new Audi Field soccer stadium, the project is expected to create more than 1,250 EB-5 qualifying jobs.
“Our investors and their families put their trust in our ability to help them achieve permanent residency in the United States,” said Anubhuti Dhand, Investor Relations Manager. “It’s always exciting to see our investors reach this important step in their EB-5 immigration process.”
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About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.