Angelique Brunner is founder and president of EB5 Capital, a firm that connects foreign investors with developers. (Jared Soares/For The Washington Post)Bowser and other proponents of the program cite a half dozen blocks near Washington’s Union Market where foreign investment is helping to spur rapid transformation. “What we do in this neighborhood is really the heart and soul of what EB-5 was intended to be used for.”The NoMa neighborhood seen from the top of Uline Arena in Northeast Washington. And then it was the local city, which had apparently been forgotten.”That is where foreign investors enter the picture — to bridge the funding gap for commercial development when institutional investors feel there is too much risk. Foreign investors have an opportunity to recoup their money, with low interest, and become eligible for permanent residency once authorities confirm that the money has created at least 10 American jobs.

Source: Washington Post November 22, 2017 19:18 UTC