Experience and Track Record

The NYCRC has provided over $1.5 billion of foreign investment to help fund a series of public/private real estate and infrastructure projects throughout New York City.  In addition to fueling economic development and creating jobs for New Yorkers, NYCRC offerings have enabled over 4,600 individuals to become permanent residents of the United States through the EB-5 Immigrant Investor Program. 

To date, 100% of NYCRC project offerings (21) have been approved by USCIS.   NYCRC investor approval statistics are as follows:

EB-5 investors have received
I-829 approvals
EB-5 investors and family members have been granted permanent residency status
EB-5 investors have received
I-526 approvals
EB-5 investors and family members have been granted conditional residency status

Examples of economic development projects utilizing loans provided by NYCRC-managed funds include the following:

  • the redevelopment of the Brooklyn Navy Yard, New York City’s largest industrial park
  • the expansion of Steiner Studios, the city’s largest film and television production facility
  • the redevelopment of the George Washington Bridge Bus Station
  • the construction of a wireless infrastructure network in select underground New York City subway stations
  • the expansion of the Hutchinson Metro Center in the Bronx
  • the rehabilitation of historic landmark buildings along Lower Manhattan’s waterfront 
  • the development of the City Point complex in Downtown Brooklyn
  • key components of the Atlantic Yards redevelopment project
  • the construction of a hotel and medical office complex in Washington Heights
  • the construction of a food processing and distribution facility in the South Bronx
  • the construction of a mixed-use development in Manhattan's Lower East Side
  • the construction of a high speed Wi-Fi network on the streets of New York City named LinkNYC
  • the redevelopment of a cargo facility at JFK International Airport

For more information on previous NYCRC-funded projects, please click here.  

While helping to spur economic development and job creation over the past 9 years, the NYCRC has worked diligently to conduct itself in a manner that respects both Congressional objectives for the EB-5 program as well as the interests of USCIS and the Department of Homeland Security. 

Over 3,000 individuals from over 27 different countries have invested in NYCRC project offerings to date.  These countries include Brazil, Canada, China, Colombia, Dubai, Egypt, France, Germany, Great Britain, India, Indonesia, Italy, Japan, Jordan, Macau, Mexico, Nepal, Netherlands, Nigeria, Poland, Russia, S. Korea, Switzerland, Taiwan, Turkey, Venezuela, and Vietnam.