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.
.. 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.
Paul Manafort FBI indictment reveals opulent life of Trump campaign manager: $849k in one clothes store and $934k on antique rugs
"How Jared Kushner built a luxury skyscraper using loans meant for job-starved areas"
Former Trump campaign chairman splashed thousands of dollars on antique rugs, clothes and luxury cars
Benjamin Kentish @BenKentish Monday 30 October 2017 17:46 GMT 3 comments
Paul Manafort served as Donald Trump's campaign chairman between June and August 2016 Rex
Charges filed by the FBI as part of its investigation into alleged links between Donald Trump’s team and Russia have revealed the lavish life of luxury lived by Mr Trump’s former campaign manager, Paul Manafort.
Mr Manafort was charged by special counsel Robert Mueller with 12 offences, including money laundering, tax evasion and making false statements.
The 31-page indictment records how the lobbyist allegedly channelled money from a number of offshore accounts into luxury goods in the US.
According to the document, Mr Manafort spent more than $930,000 (£704,000) on antique rugs at a shop in Alexandria, Virginia, between 2009 and 2010 alone.
He is also said to have paid $850,000 (£643,000) to a single New York clothing store over six years, and forked out $5.4 million (£4.1 million) between 2008 and 2014 on a home improvement service in the Hamptons, where he owns a home. He also allegedly spent $800,000 (£606,000) on landscaping services there.
The FBI indictment alleges Mr Manafort bought luxury items using money from offshore accounts
Mr Manafort, who served as Mr Trump’s campaign chairman between June and August 2016, is also said to have spent $1.3 million (£984,000) at a lighting and entertainment company in Florida, where he owns a mansion, and $600,000 (£454,000) at an antiques dealer in New York.
[Slideshow - 17 -]The biggest names involved in the Trump-Russia investigation
The indictment says: "Manafort used his hidden overseas wealth to enjoy a lavish lifestyle in the United States, without paying taxes on that income.
"Manafort, without reporting the income to his tax preparer or the United States, spent millions of dollars on luxury goods and services for himself and his extended family through payments wired from offshore nominee accounts to United States vendors."
The lobbyist reportedly purchased several properties, including two in New York and one in the upmarket Hamptons area two hours outside the city. He also spent money on a Mercedes Benz and at least three Range Rovers.
Mr Manafort’s business partner, Rick Gates, was also charged and revealed to have expensive tastes of his own.
The pair were indicted by a grand jury last week but the charges were only opened on Monday. The allegations against them include conspiracy against the US, conspiracy to money launder, failure to declare their work for a foreign state, and making false statements.
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