Hello, I’m Kirk Eicholtz, President/CEO of Christian Tyler Properties, LLC and Managing Director of Florida Equity & Growth Fund Regional Center, LLC. I wanted to give you a brief update on what’s happening with EB-5. I’d love to give you some certainty, but as I write this short note, although Congress tried this week, it appears to have failed to hammer out a compromise with President Trump to continue running the government and avoid a partial government shutdown, and at the same time continue with the EB-5 platform.
The hope that the government would stay open until February 8th, 2019 has come and gone. We have all watched U.S. political theatre at its best and worst. Now, we have certainty that the government will in fact have a partial shutdown and that will also temporarily shut down the EB-5 program. But you need to know what’s happened in the past: the government will indeed reopen the sections of the government that will close this evening and that will include EB-5. EB-5 is not going to disappear permanently. The USCIS will cease EB-5 operations for a short period of time. But if EB-5 is important to you, you should continue working with your advisors and doing your homework on EB-5, because it is going to come back and it’s going to come back for you. So be prepared to promptly act when the government reopens to avoid any increases in the investment amount. Thank you!
Please feel free to contact us at KirkEicholtz@ctp-fl.com or call +1-813-222-0101 if you have questions on your EB-5 matters. We look forward to working with you.