USCIS has officially announced it will reconsider denied I-526 petitions funded by loans or debts, other than individual assets according to the court order.
This comes as great news for the EB5 industry and applicants.
Applicants are required to email USCIS with their copy of I-526 denial and follow the instructions.
On Nov. 30, 2018, in Zhang v. USCIS, No. 15-cv-995, the U.S. District Court for the District of Columbia certified a class that includes any individual with a Form I-526, Immigrant Petition by Alien Entrepreneur, that was or will be denied on the sole basis of investing loan proceeds that were not secured by the individual’s own assets. The U.S. District Court for the District of Columbia vacated these denials and ordered USCIS to reconsider the petitions.
The EB-5 regional center program also further extended
On February 15, President Trump signed the HR 21 Consolidated Appropriations Act, 2019 that extends the EB-5 Regional Center Program authorization through September 30, 2019.
The official announcement is available here
