WASHINGTON, Dec. 4 -- Sen. Ruben Gallego issued the following press release:
Senator Ruben Gallego (D-AZ) introduced the Building Housing for the American Dream Act to leverage the EB-5 investor visa program to address the nation's housing shortage.
READ MORE: Senator Seeks to Tap Foreign Visa Program to Ease Housing Costs (Bloomberg) (https://senate.us14.list-manage.com/track/click?u=239475b0dda40486ab60cbc84&id=6feb807758&e=277a4188e6)
The EB-5 visa program allows immigrants to obtain a green card by investing at least $1.05 million in commercial projects that create at least ten U.S. jobs. Senator Gallego's bill would amend the EB-5 statute to encourage more of that investment to flow directly into housing construction. The bill lower...