New York [Hearts] EB-5 Visas
It turns out the EB-5 visa has won fans beyond Atlantic Yards, where Bruce Ratner has been trying to use the program to gin up funds for his prefabulous apartment towers.
Over the past four years, developers in the New York area have raised upwards of $1 billion through the visas-for-cash program, according to an investigation in The Times. During that period, EB-5 applications across the country have nearly quadrupled, to 3,800, as the Obama administration has been promoting the program strongly. Read More
