Large and high profile real estate growths in the US are digging up the resources from unusual and controversial source. Overseas investors trying to become US citizens.
The US EB-5 visa provides a route to citizenship of the US for rich people who has got a minimum of half a billion dollars to invest in the US.
The EB-5 visa program was started in 1990 with an aim to bring in employment creating investments from overseas. Since many years it was small, below its yearly limit of 10,000 visas. After the monetary collapse the program go off with many applications from China.
As the EB-5 visa program has developed, many are saying that money is leading to projects for real estate that helping the wealthy people.
Foreigners who invest in increased unemployment fields get a break on how much money they had invest in, but the developers has find paths to utilize that money for projects.
EB-5 visa program requires tightening its regulation so that futher benefits go to neighborhood that require them mostly.