Phone: +1 (514) 487-2011
  • CONTACT US
  • NEWS
  • LANGUAGES
    • English English
    • Français Français
    • Español Español
    • العربية العربية
    • Português Português
    • Русский Русский
    • עברית עברית

Canada Immigration and Visa Information. Canadian Immigration Services and Free Online Evaluation.

  • HOME
  • PROFILE
    • Immigration Attorney Profile – Colin Singer is an experienced authority on all aspects of Canadian immigration.
    • Authorized by the Government of Canada – Colin Singer has been a licensed immigration lawyer in good standing with a Canadian Law Society for over 25+ years.
    • Our Team – Our team of more than 25 licensed lawyers, immigration consultants and technical staff is ready to provide you with the immigration advice your need.
    • Why Hire an Immigration Lawyer? – The decision to move to Canada is life-changing. A lawyer can help maximize your chances of success and realize your immigration project.
    • Client References – The Quebec law society regulates the way lawyers are allowed to publish references from former clients.
    • Colin Singer Wikipedia Profile

    • Attorney Colin R. Singer

      Colin R. Singer is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.

    • Introduction to Immigration.ca Website


    • IMMIGRATION
      • Express Entry Overview
        • Express Entry Immigration Draws
        • Express Entry for Skilled Immigration
        • Comprehensive Ranking System
        • Invitations to Apply for Permanent Residence
      • Federal Skilled Worker
        • Who Qualifies as a Skilled Worker?
        • Eligible Occupations
        • How Can We Help You Immigrate?
      • Federal Skilled Trades
      • Canadian Experience Class

      • Provincial Immigration
        • Alberta
        • British Columbia
        • Manitoba
        • New Brunswick
        • Newfoundland
        • Northwest Territories
        • Nova Scotia
        • Ontario
        • Prince Edward Island
        • Saskatchewan
        • Yukon
      • Quebec Immigration
        • Quebec Skilled Worker
        • Quebec Business Immigration
        • Quebec Experience Program (PEQ)
      • Atlantic Immigration Pilot
        • Rural and Northern Immigration Pilot

      • Sponsorship Immigration
        • Sponsor Your Spouse or Common-Law Partner
        • Sponsor Your Parents & Grandparents
      • Criminal Inadmissibility
        • Impaired Driving Convictions
        • Individual Criminality
        • Organized Crime
        • Rehabilitation
        • Temporary Residence Permits
      • Canadian Citizenship
        • Benefits of Canadian Citizenship
        • Language Requirements
        • Residency Requirements
      • Refugee Immigration

      • BUSINESS
        • Canada offers the most established and widely-used investment-based immigration programs conferring permanent resident status


        • Canada Business Immigration
        • Provincial Entrepreneurs Programs
        • Self-Employed Programs
        • Start-up Visa
          • Eight Things to Know About Canada’s Start-Up Visa Program
        • International Business Immigration Programs
        • Buy a Business

        • Quebec Entrepreneur Program
        • Quebec Investor Program

        • Evaluation Form


          Fill out our FREE Immigration Evaluation Form and we will advise you within 48 Hours if you qualify to Immigrate to Canada.



          Click Here

        • TEMPORARY VISA
          • Canada Temporary Visa Overview – Have you made your decision to come to Canada as a temporary resident? Find out if you require a visa or an eTA.
          • Canada Visit/Tourist Visa – Do you want to visit your family and all the beautiful places Canada has to offer? You may need a tourist visa (TRV) to visit Canada.
          • Electronic Travel Authorization (eTA) – Are you a foreign national exempt from a TRV? You may need an eTA.
          • Canada Student Visa – You have been admitted to your chosen university? It is time to apply for a study permit.
          • Canada Work Permit – You found a sponsoring employer and you are eager to start your experience in Canada? Obtaining a work permit may be the solution for you.
          • Parents and Grandparents Super Visa – If you want your parents or grandparents to come visit for a longer period of time, a super visa may be the best solution.

          • STUDY
            • Why Study in Canada?
            • Student Direct Stream
            • Study in Canada News Articles
            • Study in Canada FAQ

            • Study in Canada: Steps
              • Step-by-Step Guide for International Students
              • How International Students Can Immigrate to Canada
              • Find Universities in Canada
              • Find Colleges in Canada
              • Get Admission to a University or College
              • Language Tests Converter
              • Financial Requirements
            • Work and Study in Canada
              • Work and Study in Canada
              • Internships and Co-Op Programs
              • On-Campus Work
              • Off-Campus Work
            • Work After Graduation
              • Work After Graduation
              • Post Graduation Work Permit
            • Studying in Quebec
              • Conditions to Qualify under PEQ – Graduate of Quebec Stream
              • How to Prove French Abilities under PEQ
              • Financial Requirements to Study in Quebec

            • EMPLOYMENT
              • Employment & Recruitment
                • Canada Priority Residence Program (CPRP)
                • Canada Employers
                • Job Search for Immigrants
                • Recruitment Team
              • Work Permits
                • LMIA-Based Work Permits
                • LMIA-Exemptions
                • Work Permit Exemptions
                • Open Work Permits
                • Global Skills Stream
                • International Mobility Program
                • International Experience Canada Program
                • Working in Quebec
                • Live-in Caregivers
              • The Application Process
                • How to Apply for a Work Permit?
                • What Happens After Submission?
                • How to Change or Extend Your Work Permit?
              • Working While Studying
                • Work on Campus
                • Work off Campus

              • Evaluation Form


                Fill out our FREE Immigration Evaluation Form and we will advise you within 48 Hours if you qualify to Immigrate to Canada.



                Click Here

              FREEEVALUATION
              Thursday, 17 December 2015 / Published in News

              Tougher EB-5 Norms May Negatively Impact Senior Housing Projects


              Last Updated on April 4, 2017

              The EB-5 program was established in 1990 to boost economic growth and job creation through inflow of foreign direct investment into the rural parts of the country. The Regional Center program is undergoing major reform.  The current program offers permanent residence in the USA against minimum investment of $500,000 in a targeted employment area. For other areas, the price for acquiring the US green card is $1 million. Both options require the creation of at least ten jobs in the country.

              With the EB-5 program becoming a very attractive source of funding for real estate developers including senior housing projects, there are fears that introduction of new rules may affect such ventures negatively.

              Over the past six years, around $12 billion FDI has entered US projects through this visa program. Nine out of every ten projects have been setup in targeted employment areas, which include rural areas or regions suffering from very high unemployment.

              Senior housing projects utilized EB-5 funds primarily as bridge loans used to pre-fund the project without long delays. Developers often relied on foreign investment made by EB-5 applications to repay debt acquired to execute senior housing projects.

              However, instances of misinterpretation of regulations, fraud, and even national security risks, especially in regional center investments, have led to concerns about the risks involved in continuation of the EB-5 program. With growing domestic and international focus on immigration, there has been greater and stricter scrutiny of the EB-5 program.  

              The US Congress chose to approve a short extension of the project from September to December 2015 to arrive at a consensus over the proposed changes to the program. Lawmakers were focusing on rules that would correct the excessive emphasis on real estate projects among EB-5 investors and stricter oversight to minimize risks of frauds.

              Recent reports have indicated that many EB-5 projects have been setup in urban areas, which runs contrary to the original intent of the project. Further, there have been concerns about lack of oversight on regional centers after the SEC initiated legal action against firms for diverting EB-5 funds for personal expenses.  

              One proposed change that is expected to get approved is the hike in the minimum investment requirement for new projects in targeted areas from $500,000 to $800,000. While this will allow projects to be financed with fewer investors, the 60% rise in minimum limit is likely to hurt demand for the program, which will, consequently, harm the viability of senior housing projects.

              Another proposed change seeks to alter the way a targeted employment area is defined. The existing setup where states are permitted to come up with their own benchmarks for defining a TEA has come under a lot of criticism. The revised law is expected to impose a uniform definition for TEAs.

              This change, if introduced, will affect numerous existing and future real estate and senior housing projects as it may compel investors to shift to projects in rural areas.

              Thirdly, lawmakers may introduce rules for stricter oversight including annual compliances and scrutiny of reports and submissions. This will probably result in more bureaucracy for EB-5 applicants choosing to invest in regional centers.

              There are also fears that a revamped EB-5 program may compel developers to seek alternate sources of funding, which may lead to higher project costs and higher risk of delays or cancellations of senior housing projects.

              However, some industry experts maintain that the sheer volume of investment flowing into senior housing may ensure these projects don’t suffer even if EB-5 funding comes down after the EB-5 program is revamped.

              The US program remains the largest in the industry, internationally.  An overhaul is long overdue and will address the many irregularities that have plagued the program since its inception.  

              General Information: Contact Us to receive more information about this article.

              Interested Investors: Kindly complete the following form and we will contact you to discuss your options.

               


              Tagged under: EB-5 program new rules, Tougher EB-5 Norms

              Are you eligible to Immigrate to Canada?

              Find out if you are eligible to immigrate to Canada in less than 48 hours by filling our FREE Online Evaluation form. Click Here. 

               

              Close

              CANADA NEWS ARTICLES

              Recent Posts

              • Top 10 Jobs for New Immigrants to Canada in 2020

                Top 10 Jobs for New Immigrants to Canada in 2020

              • Prince Edward Island Immigration Issues 211 Invitations In First Draw of 2021

                Prince Edward Island Immigration Issues 211 Invitations In First Draw of 2021

              Site Search

              Subscribe to Our Newsletter

              Interested Candidates

              Find out whether you qualify to Canada by completing our free evaluation form We will provide you with our evaluation within 1-2 business days.

              • Free Evaluation Form

              Interested Agents

              Immigration.ca welcomes affiliations with qualified agents. Follow the link below to find out more.

              • Contact Us

              Interested Employers

              Kindly contact us here to receive further information.

              • Contact Us


              News

              Read more news about Canada Immigration.

              • Latest News

              Follow Immigration.ca

              facebook
              twitter
              Follow
              youtube
              linkedin

              What You Can Read Next

              Top 10 Jobs for New Immigrants to Canada in 2020

              Top 10 Jobs for New Immigrants to Canada in 2020

              25 January 2021 By Colin R. Singer in Canada Immigration News Articles, Canada job
              Prince Edward Island Immigration Issues 211 Invitations In First Draw of 2021

              Prince Edward Island Immigration Issues 211 Invitations In First Draw of 2021

              22 January 2021 By Colin R. Singer in Canada Immigration News Articles, Prince Eduard Island Draws, Prince Edward Island news, Provincial News Articles
              Saskatchewan Immigration Draw: Province Issues 502 Invitations

              Saskatchewan Immigration Draw: Province Issues 502 Invitations

              22 January 2021 By Colin R. Singer in Canada Immigration News Articles, Provincial News Articles
              Canada's International Travel Restrictions Extended Another Month Until February 21

              Canada’s International Travel Restrictions Extended Another Month Until February 21

              22 January 2021 By Colin R. Singer in Canada Immigration News Articles, Coronavirus
              Canada Targets CEC Candidates With 4,626 Express Entry Invitations

              Canada Targets CEC Candidates With 4,626 Express Entry Invitations

              21 January 2021 By Colin R. Singer in Canada Immigration News Articles, Express Entry

              Canada Immigration

              • Home
              • Profile
              • Immigration
              • Temporary Visa
              • Study
              • Employment
              • Immigration.ca News

              Immigration.ca Network

              • Latest CRS Score
              • SkilledWorker
              • Investment Immigration
              • Buy a Business & Move to Canada
              • GRN Montreal
              • Canada Immigration News
              • Colin Singer

              Other Links

              • Agents and Affiliates
              • Find Our Affiliates
              • Canada Case Law
              • Immigration Wiki
              • Immigration Manuals
              • Operational Bulletins
              • International Business Programs
              • Universities Evaluation Form
              • Colleges Evaluation Form
              • Podcasts
              • Videos
              • eBook Series
              • Publications
              • Wikipedia

              Help

              • Free Immigration Evaluation
              • Immigration Discussion Forum
              • Immigration FAQ
              • Contact Us
              • Telephone Consultation
              • Download Our New Mobile App
              • Link to Us
              • Sitemap
              • Disclaimer
              • Privacy Statement
              • Fraud Alert

              Contact

              Tel: +1 (514) 487-2011


              Fax: +1 (514) 487-2385



              Canadian Citizenship & Immigration Resource Center (CCIRC) Inc.

              Montreal Head Office
              4999 Ste-Catherine St. W, Suite 515
              Montreal, Quebec
              Canada, H3Z 1T3

              Toronto Office (By appointment)

              Mana Hosseini, B.A., M.B.A., JD
              President, Start Up Visa
              Business Advisory Group

              181 University Ave, Suite 2200
              Toronto, Ontario
              Canada, M5H 3M7

              Email: [email protected]
              Tel: +1 (514) 487-2011 
              Fax: +1 (416) 644-4675


              ©Copyright CCIRC Inc. 2020. All rights reserved.

              TOP
              • CONTACT US
              • NEWS
              • LANGUAGES
                • English English
                • Français Français
                • Español Español
                • العربية العربية
                • Português Português
                • Русский Русский
              Immigration.ca Logo
              • Free Evaluation
              • Home
              • Profile
                • Immigration Attorney Profile
                • Authorized by the Government of Canada
                • Our Team
                • Why Hire an Immigration Lawyer?
                • Client References
                • Colin Singer Wikipedia Profile
                • Back
              • Immigration
                • Canada Immigration Overview
                • Express Entry Overview
                  • Express Entry
                  • Federal Skilled Worker
                  • Federal Skilled Trades
                  • Canadian Experience Class
                  • Back
                • Provincial Immigration
                • Quebec Immigration
                • Business and Investment Immigration
                • Atlantic Immigration Pilot
                • Sponsorship Immigration
                • Refugee Immigration
                • Criminal Inadmissibility
                • Citizenship
                • Back
              • Temporary Visa
                • Canada Temporary Visa Overview
                • Canada Visit/Tourist Visa
                • Electronic Travel Authorization (eTA)
                • Canada Student Visa
                • Canada Work Permit
                • Parents and Grandparents Super Visa
                • Back
              • Business
                • Canada Business Immigration
                • Provincial Entrepreneurs Programs
                • Self-Employed Programs
                • Start-up Visa
                • International Business Immigration Programs
                • Buy a Business
                • Quebec Entrepreneurs Program
                • Quebec Investor Program
                • Back
              • Study
                • Canada Study Assessment
                • Why Study in Canada?
                • Student Direct Stream
                • Study in Canada: Steps
                  • Study in Canada: Steps
                  • Step-by-Step Guide for International Students
                  • How International Students Can Immigration to Canada
                  • Find Universities in Canada
                  • Find Colleges in Canada
                  • Get Admission to a University or College
                  • Language Tests Converter
                  • Financial Requirements
                  • Back
                • Work and Study in Canada
                  • Work and Study in Canada
                  • Internships and Co-Op Programs
                  • On-Campus Work
                  • Off-Campus Work
                  • Back
                • Work After Graduation
                  • Work After Graduation
                  • Post Graduation Work Permit
                  • Back
                • Studying in Quebec
                  • Conditions to Qualify under PEQ – Graduate of Quebec Stream
                  • How to Prove French Abilities under PEQ
                  • Financial Requirements to Study in Quebec
                  • Back
                • Study in Canada News Articles
                • Study in Canada FAQ
                • Back
              • Employment
                • Employment & Immigration Programs
                  • Employment & Recruitment
                  • Canada Priority Residence Program (CPRP)
                  • Canada Employers
                  • Job Search for Immigrants
                  • Back
                • Work Permits
                  • Work Permits
                  • LMIA-Based Work Permits
                  • LMIA-Exemptions
                  • Work Permit Exemptions
                  • Open Work Permits
                  • Global Skills Stream
                  • International Mobility Program
                  • International Experience Canada Program
                  • Working in Quebec
                  • Live-in Caregivers
                  • Back
                • The Application Process
                  • How to Apply for a Work Permit?
                  • What Happens After Submission?
                  • How to Change or Extend Your Work Permit?
                  • Back
                • Working While Studying
                  • Work on Campus
                  • Work off Campus
                  • Back
                • Back
              Free Immigration Evaluation
              Click Here

              Free Immigration Evaluation Forms

              • Skilled Worker Assessment
              • Business Immigration Assessment
              • Start-up Visa Assessment
              • Family Class Sponsorship Assessment
              • Canada Study Assessment
              • Telephone Consultation
              Send this to a friend