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Halletts Point’s EB-5 Investors Get Petition Approvals
Regional EB-5 center U.S. Immigration Fund (USIF) said Thursday that the first I-526 petition approvals have been issued to EB-5 investors who provided funding for the Halletts Point apartment complex now under construction along the Astoria waterfront. For the project’s foreign-born investors, I-526 approval means being one step closer to achieving permanent residency status in the U.S.
“Achieving I-526 approvals for another EB-5 funded project is an outstanding achievement for our company,” said USIF president Nicholas Mastroianni III. “To date, over 4,500 investor-families received I-526 approvals through investing in one of USIF’s EB-5 projects. It’s our investors that truly define our success.”
A development of the Durst Organization, Halletts Point will provide a mix of townhomes and and studio, one, two and-three bedroom apartments. Durst also worked with Jupiter, FL-based USIF on financing for its West 57th multifamily project in Midtown Manhattan.
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