Under the EB-5 visa program, wealthy foreign nationals can claim to invest at least $900,000 in United States development projects and receive green cards for themselves and their family with eventual pathways to American citizenship.
The luxury condo building will be 35 stories high with nearly 200 “expansive luxury” units, starting at $1 million a unit.
As Breitbart News has reported, 10,000 foreign nationals and their families are allowed to enter the U.S. every year on the EB-5 visa.
In 2018, the U.S. rewarded nearly 8,000 wealthy foreign investors and their family members with green cards.
Between 2014 and 2018, the federal government gave EB-5 visas to about 43,130 wealthy foreign investors and their family members who can secure American citizenship after five years of living in the U.S.