Thu
Aug 3 2017
10:08 pm
By: Tamara Shepherd
The U.S. Attorney's office has subpoenaed Kushner Companies for information on its use of a program that allows foreigners residency to get green cards in exchange for investing $500,000 or more in projects that create at least 10 jobs. They're called EB-5 visas.
Kushner Companies used EB-5 funding for its One Journal Square and Trump Bay Street projects in Jersey City.
Jersey City Mayor Steven Fulop is especially concerned about the use of the visa program for the Trump Bay Street project:
"I think the goal of the EB-5 program is low-income investment in low-income areas. And I think that that obviously didn't serve that goal," Fulop said.
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Why the surprise? Kushner got
Why the surprise? Kushner got into Harvard because his dad made a large donation to the school. It's called 'legacy admission.' Same idea with the green card.
The United States is a business. Ask Bill Haslam.