Twin Lakes Georgia, one of the most compelling rural EB-5 projects on the market today, has received multiple Form I-956F approvals from USCIS. This means that USCIS has reviewed both the equity and loan offering project documents and found them both to comply with the rules and requirements of the EB-5 program.
Download Twin Lakes Form I-956F Approval Letters
This article explains what Form I-956F approval is, why it is significant, and what it means for investors in Twin Lakes Georgia.
What Is Form I-956F Approval?
Why Is I-956F Approval Significant?
What Does I-956F Approval Mean for Equity and Loan Investors in Twin Lakes Georgia?
- USCIS Accepted Twin Lakes Georgia’s Rural TEA Status
- USCIS Agreed with the Project’s Job Creation Numbers
- Twin Lakes Georgia EB-5 Investors Will Enjoy Faster Petition Processing
Twin Lakes Georgia Is Open to EB-5 Investors
What Is Form I-956F Approval?
The EB-5 Reform and Integrity Act of 2022 (RIA) created a new EB-5 project application: Form I-956F. This form must be filed before EB-5 investors can submit their Form I-526E immigrant petitions.
Form I-956F provides information to USCIS about an EB-5 project. The application describes the project in detail, including the following:
- the project’s location
- whether the location is believed to be in a targeted employment area (TEA)
- how much EB-5 capital is expected to be invested in the project
- the entities involved in the project, including the developer and/or operator, regional center, fund administrator, marketing representatives, and more
- background information on everyone with substantive authority to make decisions about EB-5 funds
- the industries affected by the project
- the number of jobs the project is expected to create
Approval of a project’s I-956F application is vital to the success of the project.
Why Is I-956F Approval Significant?
A project can begin taking investments from EB-5 investors once its I-956F application has been filed with USCIS. Experienced regional centers with long track records of success can generally expect to receive I-956F approval. But until the approval is received, some uncertainty remains. No regional center can guaranty that USCIS will approve Form I-956F before receiving a formal approval notice.
Once USCIS approves a project’s Form I-956F application, however, all uncertainty is removed. Form I-956F approval means USCIS has reviewed all the details of the project and found them compliant with EB-5 program rules, regulations, and policies.
Form I-956F approval means USCIS has accepted the EB-5 investment structure of the project. They have accepted how any proposed bridge financing works. They have accepted any investment security, such as a repayment guaranty or an equity cushion requirement. Form I-956F approval means USCIS agrees with the economic report’s calculation of EB-5 eligible jobs. They agree with any rural or urban TEA designation analysis and qualification.
By approving Form I-956F, USCIS is saying that the project and its documentation are approvable for EB-5 investors, too. As a result, any EB-5 investor who files Form I-526E can expect his or her immigrant application to be approved as long as his or her source of funds and personal qualifications are accepted by USCIS. This means that as long as an EB-5 investor is not a criminal and can show that his or her funds were earned legally, then he or she will receive Form I-526E approval and a Green Card.
Additionally, with Form I-956F approved, a project’s EB-5 investors can expect their I-526E applications to be adjudicated relatively quickly. Since the project has already been reviewed and accepted by USCIS, the only details USCIS needs to review are those related to the EB-5 investor. These details include the investor’s source of funds, background, admissibility, etc.
What Does I-956F Approval Mean for Equity and Loan Investors in Twin Lakes Georgia?
Twin Lakes Georgia is a compelling rural TEA project with multiple unique safety features. By approving the project application for Twin Lakes Georgia, USCIS has reviewed and approved of each of these features.
USCIS Accepted Twin Lakes Georgia’s Rural TEA Status
By approving Twin Lakes Georgia’s Form I-956F, USCIS has indicated that it agrees that the project is in a rural TEA. First, this means that the project’s investors can invest their $800,000 with confidence, knowing that this amount will qualify them for an EB-5 visa.
Second, EB-5 investors can have confidence that they will receive priority processing of their I-526E petitions. This means a substantially shorter waiting period to receive a Green Card.
Finally, this approval means that EB-5 investors in Twin Lakes Georgia have access to the EB-5 visa category set aside for rural investments. The rural set aside makes up 20% of all EB-5 visas and is current for all countries. Investors from China and India currently face no visa availability backlog for rural EB-5 projects and will probably not face one for several years into the future.
USCIS Agreed with the Project’s Job Creation Numbers
Twin Lakes Georgia is a major development project. Ultimately, construction spending is expected to generate 6,934 jobs. As of June 30, 2024, Twin Lakes Georgia has already created 3,297 jobs.
Jobs are calculated using an econometric methodology called RIMS II. This means that the number of jobs created by the project is calculated from how much is spent on qualifying costs. With Form I-956F approved for Twin Lakes Georgia, it is clear that USCIS has reviewed these job calculations and found them to be valid.
As mentioned above, as of June 30, 2024, Twin Lakes Georgia has already created 3,297 jobs. USCIS will not finally adjudicate actual job creation until EB-5 investors file their Form I-829 applications to remove the conditions from their temporary Green Cards. However, the approved job creation methodology and significant job creation to date substantially reduces immigration risk for EB-5 investors in the Twin Lakes Georgia project.
Twin Lakes Georgia EB-5 Investors Will Enjoy Faster Petition Processing
With I-956F petition approval, Twin Lakes Georgia’s EB-5 investors will now enjoy a faster path to having their I-526E petitions adjudicated. All the details about the project have now been reviewed and accepted by USCIS. When an EB-5 investor submits Form I-526E, the USCIS adjudicator will defer to the project’s I-956F approval and can focus on the individual investor’s specific case.
Twin Lakes Georgia Is Open to EB-5 Investors
With best-in-class financial and immigration safety, Twin Lakes Georgia is one of the most popular rural EB-5 investment projects available today. Besides all the unique advantages for EB-5 investors listed above, Twin Lakes Georgia is simply an excellent project from an investment perspective. Sales as of August 1, 2024 are phenomenal with over 660 homes already sold, and the project is already profitable. The developer, Kolter, is one of the top 20 private home builders in the United States. And Kolter has a perfect track record of completing projects and repaying loans over the last 25+ years.
Schedule a one-on-one call now to get more information and learn how to join the Twin Lakes Georgia rural EB-5 project.
