WASHINGTON, June 12 (Bernama-GLOBE NEWSWIRE) — EB5 Capital announced today that investors in its Downtown Los Angeles Proper Hotel (JF12) project have begun receiving I-829 approvals from the United States Citizenship and Immigration Services (USCIS). USCIS issues I-829 approvals, or permanent residency, to investors who have demonstrated that their EB-5 investment resulted in the creation of at least ten full-time jobs, and who have also completed their two-year conditional residency period.
“An I-829 approval is a major milestone in the EB-5 immigration and investment process,” said Mariana Gomez, Senior Vice President of Operations and Compliance. “It officially completes the immigration process for an EB-5 investor and confirms that a project has fulfilled all the requirements under the Program, including job creation.”