Friday, February 3, 2017

How to Fix the EB-5 Cash-for-Visas Immigration Program

When Harlem Unemployment Pays for Midtown Luxury-  Source: City Lab
A 1990s-era cash-for-visas program was designed to lure foreign investment to distressed communities. Instead, it subsidizes luxury real estate. Congress and President Trump can either reform it, scrap it—or shore up the status quo.