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Moinian Selects Regional Center for 3 Hudson Boulevard EB-5 Funding

George Washington Immigration Group will provide $250 million to $350 million in EB-5 funding for the Hudson Yards development.

3 Hudson Blvd. rendering Rendering of 3 Hudson Boulevard/ Photo credit: FXFOWLE

NEW YORK CITY—The Moinian Group has selected George Washington Immigration Group, LLC, as its EB-5 regional center to provide between $250 million and $350 million in EB-5 funding for 3 Hudson Boulevard.

Congress created the EB-5 Immigrant Investor Visa Program with the Immigration Act of 1990. Investors can become lawful permanent residents by investing at least $1,000,000 or $500,000 in targeted employment areas, to finance a business in the US that will employ a minimum of 10 American workers.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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