Most people interested in EB5, know by now that the Investment amounts have gone up from $500,000 for a TEA project to $900,000 ($1 million to $1.8 Million for non TEA). Another major rule change that hasn’t quite gotten the same coverage is the new rules requiring DHS to assign the TEA regions, as opposed to the current method of allowing states the benefit to define TEAs.
Unlike the earlier method of Regional centers gerrymandering multiple TEA areas to their project and getting TEA status rubber stamped at the State level, the change in TEA criteria* has much deeper implications for future investors and current alike. As quite a few of the projects which are in major cities currently with TEA status will not be eligible for TEA status after Nov 21. Rural areas are the big winners as per the new TEA criteria. This was infact the original intention of the EB5 program – helping backward areas get investment dollars.