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Re: BOREALIS post# 269831

Wednesday, 05/31/2017 10:15:19 PM

Wednesday, May 31, 2017 10:15:19 PM

Post# of 481294
From the bottom of yours

The Trump administration will decide in the coming months whether to enact rules, proposed by the Obama administration, limiting the census tracts that can be considered for EB-5 eligibility to only those directly adjacent to the tract containing the development.

The proposal is being considered by Homeland Security Secretary John Kelly. Under the proposed rules, neither the 65 Bay Street tower nor the proposed 1 Journal Square project would be in a “targeted employment area.


.. repeat the link .. https://www.washingtonpost.com/investigations/jared-kushner-and-his-partners-used-a-program-meant-for-job-starved-areas-to-build-a-luxury-skyscraper/2017/05/31/9c81b52c-4225-11e7-9869-bac8b446820a_story.html?utm_term=.28832f6073c0

.. it seems there is an opportunity for the Trump administration to grasp back a shred of legitimacy by making a change to an obviously flawed situation ..

..

EB-5 visa

[...]

Kushner Companies May 2017 controversy

It was the first major piece of legislation that President Trump signed into law, and buried on Page 734 was one sentence that brought a potential benefit to the president’s extended family: renewal of a program offering permanent residence in the United States to affluent foreigners investing money in real estate projects here.
—?"Kushner Family Stands to Gain From Visa Rules in Trump’s First Major Law," May 8, 2017, The New York Times

Kushner Companies are using the EB-5 Visa program to raise $150 million from Chinese investors to build a New Jersey luxury apartment complex.[51]

The The New York Times criticized the timing of the inclusion of President Trump's first major legislation extending the program, which the editorial board called a "scandal magnet."[14][2] The next day Kushner Companies was promoting the "Golden Visas" to potential investors in a two-day marketing event hosted in China by Qiaowai Group, an "active marketer of EB-5 projects", for Kushner's One Journal Square project"[52] for which Kushner Companies "are seeking $150 million, or 15.4 percent of the funding, from investors for the project through the EB-5 program".[41][51] Starting on May 6, 2017, a number of major media outlets had raised concerns about ethical implications regarding the way in which the EB-5 program was promoted to potential Chinese investors by Kushner Companies in May 2017, considering Jared Kushner's pivotal and influential role in the Presidency of Donald Trump, his father-in-law. Chinese investors were shown a photo of Donald Trump in the marketing slide show to suggest the ease of getting a green card.[53][54][55] The Washington Post reported that Kushner Companies' "pitch" to Chinese investors "renewed" the controversy over a visa program for the wealthy.[56] Kushner Companies has used EB-5 legally and extensively since about 2010.[53][57] Nicole Meyer, who is a principal in the New York City-based Kushner Companies " urged Chinese citizens" to "consider investing hundreds of thousands of dollars in a New Jersey luxury apartment complex that would help them secure" EB-5 visas—an "investor visa"—at an event held at the Ritz-Carlton hotel in Beijing and hosted by Qiaowai, a Chinese company "which connects U.S. companies with Chinese investors".[54][58] CBS News called it an "abuse of power."[59] Reuters reported that journalists were barred from attending the events.[55] The Independent headlined with "Trump and Kushner exploitation of presidency 'unlike anything we have ever seen before'.[60]
.. with many links .. https://en.wikipedia.org/wiki/EB-5_visa#Kushner_Companies_May_2017_controversy

It appears that's the development in which according to your article Kushner has sold his interest in.

It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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