DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) — CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its Group 93 – Coachella Valley project has received Form I-956F approval just three months after filing with United States Citizenship and Immigration Services (USCIS).
An I-956F approval signifies that the project has met USCIS requirements and makes Group 93 limited partners eligible for immediate adjudication of conditional green card (I-526E) petitions.
“It’s exciting that our projects in targeted employment areas continue to be approved by USCIS at record-setting speeds,” said Noreen Hogan, President at CMB “We’re proud to continue bringing high-quality investment opportunities to market. We apply rigorous standards of underwriting for our investments, reflected in the 100% approval rate for CMB projects that have undergone USCIS adjudication.”
The announcement represents the latest in a series of speedy USCIS approvals for CMB projects, notably including:
- CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days)
- CMB Group 86 – Gable House Apartments (I-956F approved in just under five months)
- CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months)
Undertaken in conjunction with Hillwood Development Company, the Group 93 – Coachella Valley project will consist of the development and construction of an approximately 240 home community to meet high demand in the flourishing build-to-rent residential market.
With over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors, CMB and Hillwood Development Company have cultivated one of the most successful lender-borrower relationship in the EB-5 industry.
The approval represents the twelfth CMB EB-5 partnership to achieve an I-956F approval under the EB-5 Reform and Integrity Act of 2022 (RIA).
Previously approved partnerships include:
- CMB Group 78 – Hillwood California BTS
- CMB Group 81 – Inland Empire Industrial
- CMB Group 82 – Hazleton Logistics Park
- CMB Group 83 – Hillwood SOMI Hayward
- CMB Group 84 – Hillwood Daytona
- CMB Group 86 – Gable House Apartments
- CMB Group 87 – Kona Bay Hampton Hotel
- CMB Group 88 – Hillwood Detroit Fairgrounds
- CMB Group 89 – Hillwood City Creek
- CMB Group 90 – Hillwood Treeline
- CMB Group 91 – Hillwood DTW Air Cargo
About CMB Regional Centers
CMB Regional Centers (CMB) has been a leader in the EB-5 industry for over 25 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone United States Citizenship and Immigration Services (USCIS) adjudication. To date, CMB has repaid over $1.3 billion USD to investors.
To learn more about CMB, the EB-5 program, and Group 93 please visit the CMB website or contact us directly at [email protected].
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c01ae6c3-21a5-42cd-8401-efa508b2ea10
