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Greencard For foreigners Buying US Homes Worth $500,000

New bill sponsored by Democrat Chuck Schumer (NY) and Republican Mike Lee (Utah) to increase housing demand. This is similar to job creation visa with $500K investment and 10 jobs. This bill if approved may become key to recovery of housing market of US.

Key highlights of visa for buying $500K homes:
– 3 years visa for foreign nationals who invest at least $500,000 in residential real estate in the United States.
– At least $250,000 must be spent on a primary residence
– Must reside for at least 180 days out of the year while paying taxes to the U.S

Sponsored Bill Link : Lee, Schumer Introduce Immigration Reform Bill


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Posted By: Kalyan | Date: October 23, 2011 | Categories: GreenCard, Immigration

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