CMB Regional Centers is proud to announce the election of Noreen Hogan as the first female officer elected as Vice President of the leading EB-5 industry trade group IIUSA.
Ms. Hogan is a well-respected leader in the EB-5 industry, having served as the President of CMB Regional Centers since 2017. With the history of her company, CMB Regional Centers, spanning nearly 30 years in the EB-5 industry, Ms. Hogan brings a wealth of knowledge and expertise to her new role as Vice President of IIUSA.
In this new position, Ms. Hogan will work alongside the officers, board members and other members of the IIUSA leadership team to help shape the future of the EB-5 industry. She will also serve as an advocate for the industry, working closely with policymakers and other stakeholders to promote the benefits of the EB-5 program.
As Ms. Hogan moves into this new leadership role, CMB’s CEO and Founder Pat Hogan has announced that he is stepping down from his position on IIUSA’s board of directors. After serving as the longest tenured board member, Mr. Hogan said: “of course, he is proud of his daughter and that IIUSA needed new blood to continue the work to address the issues the new language in the recently passed reauthorization legislation and the new slate of leadership at IIUSA is poised to do just that.”
“We are thrilled to have Noreen Hogan join our leadership team as the first female officer elected as Vice President of IIUSA,” said Aaron Grau, Executive Director of IIUSA. “Her extensive experience in the industry and her commitment to promoting the benefits of the EB-5 program will be invaluable as we work to shape the future of the industry.”
“I am honored to have been elected as the first female officer of IIUSA, and I look forward to working with the other members of the leadership team to promote improvements to the EB-5 program, including making the program permanent,” said Noreen Hogan, President of CMB Regional Centers. “Together, we can help ensure that the EB-5 program continues to be a vital source of capital for job-creating projects in economically challenged communities across the country and make it a safer program for the EB-5 investors.”
About CMB: Regional Centers: CMB Regional Centers is a leading provider of investment opportunities for foreign investors seeking to participate in the EB-5 Immigrant Investor Program. With nearly 30 years of experience in the industry, CMB has helped create over 250,000 new American jobs in communities across the United States.
About IIUSA: Invest in the USA (IIUSA) is the leading industry trade group for the EB-5 Immigrant Investor Program. With over 300 member organizations, IIUSA represents a broad cross-section of stakeholders in the industry, including regional centers, developers, and attorneys.
Contact: For more information, please contact us HERE .
CMB recently accepted its 6000th EB-5 investor. This is a remarkable and humbling milestone. Over the last 25 years, across 82 EB-5 investment partnerships, we’ve had the opportunity to help investors from all over the world pursue their American Dream through the EB-5 immigrant investor program. Approximately 2,000 of those investors have now completed the EB-5 process (approval of their I-829 petition) and have achieved permanent residency in the United States.
CMB’s EB-5 investments have created approximately 200,000 jobs across the United States. Our investors have helped finance infrastructure, renewable energy projects, residential developments, hotels, industrial/logistics facilities, and retail centers in areas of the country where job creation is most needed. We are extremely proud to be a part of a program that has provided such tremendous growth and development to underserved communities.
The CMB family includes investors from 103 countries. We regularly travel all over the world to meet with prospective investors considering the program, as well as our current investors navigating the immigration process. Our large investor relations staff speaks 14+ languages, allowing us to work with investors from any region. CMB and its affiliate employ staff that live in 10 different countries, across 5 continents. Our dedication to our clients and our large and diverse team of professionals allows us to meet with prospective investors all around the world.
In March of 2022, congress reauthorized the EB-5 program through Sept. 2027. The passage of the RIA (EB-5 Reform and Integrity Act) has strengthened the program by providing a clear path forward for future immigrant investors interested in migrating to the United States. The inclusion of set-aside visas for specific EB-5 projects provides compelling options for investors from countries that previously faced longer wait times due to visa retrogression and grandfathering provisions in the bill add certainty and security to the EB-5 process for new investors.
Over the years we’ve established relationships with top U.S. real estate developers to craft incredible EB-5 investment opportunities. In particular, our EB-5 investment partnerships with Hillwood Development Company have helped to meet the high demand for industrial/logistics space created by extreme growth in the ecommerce sector. Hillwood and CMB have collaborated on 35 separate investments, which have utilized over $1 Billion in EB-5 investment capital. CMB partnerships featuring Hillwood projects continue to maintain a 100% project approval and loan repayment rate. We believe Hillwood and CMB represent the most successful lender/borrower relationship in the EB-5 industry.
The future looks bright for the EB-5 immigrant investor program! CMB is one of the oldest and most successful regional center operators in the industry. We currently have multiple high quality EB-5 investment opportunities featuring Hillwood projects open for subscription. If you are interested in learning more, contact us today!
In an exciting announcement published earlier this afternoon, the USCIS stated that Permanent Resident Cards (Green Cards) held by immigrant investors who have filed their I-829 petition for permanent residency will be valid for 48 months beyond the card’s expiration date.
They state in the notice:
We will issue new receipt notices to eligible conditional permanent residents who previously received notices with an extension shorter than 48 months and whose cases are still pending.
The USCIS previously announced a similar extension of 24 months beyond the card’s expiration date in September of 2021.
This is great news! You can read the full announcement HERE.
On Jan. 4, the Department of Homeland Security published notice in the Federal Register of their intention to increase fees for participants in the EB-5 visa program. The proposed fee hikes will impact Immigrant Investors using the EB-5 visa program to achieve permanent residence through the program.
The EB-5 visa program requires participants to file two separate petitions. The initial petition, required to achieve conditional permanent residency, is form I-526E. Form I-526E is filed by EB-5 investors immediately after making the required investment.
The second petition, form I-829, is filed ninety days prior to the completion of the EB-5 participant’s two-year sustainment period under their conditional permanent resident status.
Combined, the proposed fee schedule increase for both petitions will add $13,260 to EB-5 participants’ total costs.
The proposed fee schedule is currently in a 60-day comment period that will last until March 6, 2023. The USCIS may still make adjustments to the proposed fee schedule following the comment period.
For prospective participants in the EB-5 visa program, now is the time to strongly consider moving forward with a high quality CMB EB-5 project offering. If an EB-5 participant delays filing their petition he or she could experience a substantial increase in the amount necessary to file his or her immigration petitions.
Contact us to discuss the benefits of moving forward prior to the proposed rate increases. Our team of EB-5 professionals is available to answer your questions on the EB-5 program, CMB, and demonstrate how CMB’s 25-year history as a leader in the EB-5 industry can help you achieve your American dream.
We’re excited to announce that a limited partner in our Group 70 EB-5 partnership recently received approval from the USCIS on their I-526 petition. This is great news for all limited partners in Group 70 and we at CMB would like to extend our heartfelt congratulations on reaching this important immigration milestone.
The Group 70 partnership, in collaboration with Hillwood Development Company, provided funding to support the development and construction of four industrial/logistics facilities in California and Florida.
We expect to see additional I-526 approvals for immigrant investors in the Group 70 project in the near future!
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