NYCRC Achieves Landmark in Permanent Residency for Investors
Milestone Achievement at New York City Regional Center
The New York City Regional Center (NYCRC) proudly announces a remarkable achievement: over 6,000 individuals have now obtained permanent residency status. This milestone illustrates the dedication and effort of NYCRC in assisting EB-5 investors and their families in realizing their American dreams.
Understanding Permanent Residency Through EB-5
Permanent residency offers EB-5 investors and their immediate families the privilege of living and working anywhere, enjoying the protections under U.S. law. The program allows investors and their children, under age 21, to build successful lives while contributing to the economy.
Reflections from NYCRC Leadership
Paul Levinsohn, Co-Managing Principal of NYCRC, stated, "Assisting over 6,000 individuals secure permanent residency in the U.S. is the result of sixteen years of hard work by our team. Obtaining permanent residency is the primary goal of our offerings, and we're thrilled to mark this achievement."
Trust and Commitment
George Olsen, another Co-Managing Principal, reflected on the trust EB-5 investors place in NYCRC: "We recognize that these families depend on our expertise to help them secure their permanent green cards. Our heartfelt congratulations go out to all EB-5 investors and their families who have reached this milestone."
NYCRC's Impact on the Community
Founded in 2008, NYCRC has a solid track record of securing foreign investments for crucial real estate and infrastructure projects under the EB-5 Immigrant Investor Program. It holds the distinction of being the first regional center approved in New York City. Over the years, it has mobilized more than $1.5 billion in capital, making substantial investments in projects that promote economic growth.
Investment Highlights
NYCRC has directed significant funds into various projects, including:
- Investing $813 million in redevelopment and infrastructure projects across Brooklyn, with $385 million focused on the Brooklyn Navy Yard.
- Funding $220 million for construction efforts in neighborhoods like the Bronx.
- Allocating $108.5 million to projects in Washington Heights as part of enhancing Manhattan's economic landscape.
- Committing $232.5 million to develop a robust wireless infrastructure network throughout New York City's public transport systems.
Enhancing Educational Opportunities
NYCRC has also expanded its community contributions through new market tax credit awards. A managed entity has garnered seven awards totaling $315 million from the U.S. Department of Treasury. This funding has been pivotal in constructing new charter schools in areas like Brooklyn and Harlem, revitalizing community health facilities, and establishing the National Urban League's headquarters, which became home to New York City's first civil rights museum.
Looking Ahead
The New York City Regional Center continues its commitment to serving immigrant investors and enhancing local communities. With the recent success in achieving permanent residency milestones for its clients, NYCRC is positioned to explore new opportunities and maintain its pivotal role in fostering economic growth and community development.
Frequently Asked Questions
What is the role of NYCRC?
NYCRC assists foreign investors through the EB-5 Immigrant Investor Program to secure permanent residency by investing in real estate and infrastructure projects.
How many people have achieved permanent residency through NYCRC?
Over 6,000 individuals have achieved permanent residency, thanks to the efforts and offerings from NYCRC.
What benefits does the EB-5 program provide?
The EB-5 program allows investors and their families to live and work in the U.S. and enjoy legal protections, contributing positively to the economy.
How long has NYCRC been operating?
NYCRC was founded in 2008, making it the first regional center approved in New York City for EB-5 investments.
What types of projects does NYCRC invest in?
NYCRC invests in a range of infrastructure and real estate projects aimed at driving economic growth and revitalizing underserved neighborhoods.
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