EB-5 visa program for rich foreign investors will get pricier

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A hotel in downtown LA that’s funded by EB-5. Photo by Anna Scott/KCRW

Trump may be trying to stop the flow of immigrants, but for $500,000 and a promise to create at least 10 jobs, a foreigner can get a provisional green card. It's called an EB-5 visa, and dozens of big building developments around LA have been financed this way. As of November, the price for an EB-5 visa is going up to $900,000 minimum. One investor from India is helping fund a new building in LA to get his hands on a green card.

 

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Host:
Steve Chiotakis

Producers:
Christian Bordal, Jenna Kagel