$900,000 (TEA – Rural area Projects)
$1.8 Million (Non-TEA / Urban area projects)
Welcome to the Phase 2 of the EB-5 program which include new investment limits and new TEA area criteria set by DHS. The rules have been made more tighter for which projects to qualify for the $900,000 investment limit. Earlier, projects were getting TEA certifications approved at the State level, but now DHS has amended the rule to enforce TEA certification can only be provided at the federal level by a DHS agency. This has put a lot of projects in limbo as they need to be re-certified and a lot of them will fail the TEA conditions, so these projects will lose their TEA status, which means investors will now have to invest $1.8 Million in these projects.
The best way for an investor to invest $900,000 in a project that is guaranteed to be TEA compliant is by investing in a project that is in a rural area. As all rural area projects are automatically TEA compliant as per the new rules post November 21 2019.
It’s very important for a potential investor to be extra vigilant in selecting a project that is compliant as per the new USCIS rules. If you are looking to invest, contact us for further information.