“EB-5 is actually a brutally risky investment,” said Xiaoyu “Hugh” Hou, a newly minted American, thanks to the immigrant investment program. “Right now, if my friend said, ‘I want to be in America, what can I do?’ I would say, ‘I’ll introduce you to (an American) girl, and you should get married.’ ” Sound The gallery will resume inseconds A roofing worker does some measuring at the Meridian, a project of the New Home Co. that is being built at Fashion Island with the help of $42 million from foreign investors under the EB-5 visa program. Xiaoyu “Hugh” Hou, 32, of Santa Monica prepared a detailed prospectus justifying his EB-5 investment for his mother back in Guangzhou, China. His mother, a banker and investor, agreed to the project. He invested in a San Bernardino development project in 2010. The investment earned between $3,000 to $5,000 a year, or about 1 percent. About a month ago, he got a check returning his funds, which his mother now plans to use to invest in a rental home in Southern California. Workers apply plaster to the exterior walls of the Meridian luxury townhome project being built by the New Home Co. at Fashion… Read full this story
- For $100K, you can buy citizenship of a country you've never visited
- Home Secretary Amber Rudd is looking at introducing new ‘barista visas’ to ensure coffee shops and bars keep EU staff after Brexit
- Trump drags GOP to war on legal immigration
- Fact-check: How some of Trump’s State of the Union claims stand up to reality
- Factcheck: Donald Trump’s claims in State of the Union address
- Donald Trump's State of the Union address fact-checked: The reality behind the president's statements
- Baby Bust: Feds Raid California 'Maternity Hotels'
- For one U.S. immigrant family, short-term public aid meant long-term security
- Trump defiant as deadlines loom on budget, immigration
- What you need to know about filing taxes as an American in Germany
Dollars for green cards: EB-5 program grants visas, even citizenship, to foreigners who invest in U.S. have 311 words, post on www.ocregister.com at August 31, 2015. This is cached page on Vietnam Art News. If you want remove this page, please contact us.