Roy Carrasquillo, leader of CLG’s EB-5 Immigrant Investor Program Services and Compliance practice group, discusses the use of EB-5 investment capital for affordable housing developments in EB5 Investors Magazine. The article addressed how EB-5 capital can be used as an alternative financing option for the public sector, and a creative solution for infrastructure and community development projects.
“Incorporating EB-5 financing to [Low Income Housing Tax Credits] LIHTC projects for the development of low-income housing rental projects facilitates the construction and development of these projects, while providing an incentive for private developers to make affordable rental housing available. At a time when financing options for construction projects remain limited, the use of EB-5 funding for these real estate development projects already taking advantage of tax credit programs could be the difference in making a project viable.”
To read the article, click here.