The process of obtaining a green card and permanent resident status through your investment in the NYCRC can be broken down to the following 9 steps:

• Step 1: The NYCRC gives the investor a Confidential Offering Memorandum describing in detail the proposed NYCRC investment project.
• Step 2: If interested in investing in the project, the investor signs the Subscription Agreement and other requested documents and provides financial and background information to the NYCRC for review. The investor also deposits US$500,000 in a secure escrow account with HSBC Bank and pays an administrative fee to the NYCRC.
• Step 3: The investor’s attorney prepares and files the I-526 Petition with the USCIS.
• Step 4: If the I-526 Petition is approved, the US$500,000 in the secure escrow account is unconditionally released and invested in the real estate project. If the application is denied by USCIS, the full US$500,000 investment is promptly refunded to the investor from the secure HSBC Bank escrow account.
• Step 5: Following approval of the I-526 Petition, the investor will be given a U.S. Consular Interview in the investor’s home country or if the investor resides in the U.S., receive an adjustment of status. Following the interview, the investor and family members enter the United States to receive a conditional green card.
• Step 6: Upon receipt of the conditional green card, the investor and family are free to live anywhere in the United States with unrestricted travel and work rights.
• Step 7: After two years, the investor’s attorney files an I-829 Petition to make the investor’s green card permanent, rather than “conditional.” The NYCRC will assist the investor and his or her attorney in the preparation of the application.
• Step 8: Upon approval of the I-829 Petition, the conditional status of the green card is removed and the investor’s green card is deemed permanent.
• Step 9: After 5 years of issuance of the conditional green card (and maintaining the full investment in the NYCRC investment project), the investor and family may apply for U.S. citizenship.