EB-5 Financing for Developers Extended. Obama Signs “Continuing Resolution”

Jim Butler | December 20, 2016

By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com 20 December 2016 On December 9, 2016, President Obama signed the "Continuing Resolution" passed by Congress to extend funding of the federal government until April 28, 2017, by which time it is expected that Congress will have approved a budget for the full fiscal year. EB-5 Regional Center program also extended to April 28, 2017 As with several prior budget extensions, the Continuing Resolution included an extension of the EB-5 program's Regional Center provisions, validating expectations of industry experts. This means that developers wh...