Civitas Secures USCIS Approval for San Diego Development Initiative

Author: Caleb Price Updated: 10-02-2025 11:56 AM

Civitas Secures USCIS Approval for Significant Project

Civitas Capital Group, based in Dallas, is elated to announce a significant milestone concerning its North Park development project in San Diego. The recent approval of Form I-956F, Application for Approval of an Investment in a Commercial Enterprise, by the United States Citizenship and Immigration Services (USCIS) marks a pivotal step forward for the initiative.

Importance of USCIS Approval

The acceptance of this application is essential, as it serves as a foundational component for each EB-5 investor's I-526E petition. The USCIS approval is not merely a bureaucratic hurdle; it genuinely signifies the project's viability and underscores the confidence in the investment opportunities being offered.

Positive Outlook for Investors

Jeff Kiser, Director and Head of EB-5 Investor Relations at Civitas, expressed excitement about this development, stating, "We are thrilled for the investors in this project." He elaborated that this equity offering presented a unique opportunity for investors, which aligns with Civitas' dedication to fostering impactful community projects. All EB-5 investor positions for the project have now been successfully filled, which reflects the strong interest in this venture.

Creating Opportunities in San Diego

The North Park project is set to provide 76 residential units, including eight rent-restricted units, contributing positively to a market that is characterized by limited supply. Jorge Adler, Director of Investments for Civitas and the project lead, highlighted the initiative's double bottom-line approach. Adler stated, "The development is projected to create over 220 jobs that will benefit both the local community and our EB-5 investors." This dual focus on profit and community development exemplifies the ethos of Civitas Capital Group.

A Vibrant Neighborhood Among Historic Roots

Nestled in the Balboa Park submarket, the project will benefit from a vibrant neighborhood rich in history and culture. This locale is well-known for its diverse shops, celebrated restaurants, lively nightlife, and accessibility to cultural landmarks, including the renowned San Diego Zoo. Such characteristics make North Park one of the most attractive areas for potential residents, ensuring a strong market for the developed units.

About Civitas Capital Group

Civitas Capital Group specializes in providing EB-5 investors with unique, compelling opportunities in U.S. real estate. The firm has successfully assisted over 1,600 investors from over 50 countries over the past 15 years, helping them realize their American Dream. The commitment to creating enriching opportunities for investors, employees, and communities is firmly embedded in Civitas’s core values. For more information about Civitas Capital Group, visit their website.

Frequently Asked Questions

What is Civitas Capital Group known for?

Civitas Capital Group is recognized for providing unique investment opportunities in U.S. real estate, particularly through the EB-5 visa program.

What does Form I-956F approval signify?

This approval indicates that a project has met specific criteria set forth by USCIS, allowing EB-5 investors to proceed with their petitions.

How many jobs is the project projected to create?

The North Park project is expected to create over 220 jobs, benefiting the local economy significantly.

What type of housing will the North Park project provide?

The development will consist of 76 units, including eight that are rent-restricted to assist those in need within the community.

Where is the North Park project located?

It is located in the vibrant Balboa Park submarket of San Diego, an area known for its historic charm and cultural attractions.

About The Author

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