Kushner Family Hawks $500K Cash-For-Visa Program To Wealthy Chinese
- Author: Leroy Wright May 20, 2017,
May 20, 2017, 7:24
But the sister of Jared Kushner-Trump's son-in-law and senior adviser-is using her White House connections to lure Chinese investors to help fund a real estate project via a controversial visa program that in essence sells United States citizenship to wealthy foreigners.
CNN Money reported that Kushner's sister, Nicole Kushner Meyer, spoke at the event on Saturday in Beijing and was seeking wealthy investors for a Kushner-owned property in New Jersey - One Journal Square, a residential and commercial project underway in New Jersey.
The Kushner family are in China raising funds for their Kushner 1 (One Journal Square) project in New Jersey with the help of Qiaowai, a Chinese company which connects USA developers with Chinese investors. "That was not Ms Meyer's intention".
Nicole Kushner Meyer (3L), the sister of US White House senior adviser Jared Kushner, poses at a promotional event in Shanghai on May 7, 2017.
The money [for the building project in New Jersey, known as One Journal Square, ] would be provided through a much-criticized government program known as EB-5 that awards foreign investors a path to citizenship in exchange for investments of at least $500,000 in American development projects.
"They clearly imply that the Kushners are going to make sure you get your visa", he told the Washington Post.
On Monday, Trump administration spokesman Sean Spicer said the president would look at the foreign investor visa program as part of a broader review of immigration policy.
She then said the Jersey City project, which the company is developing with real estate firm KABR group, "means a lot to me and my entire family", the New York Times reported. Steven Fulop, the city's mayor, announced in a Facebook post on Sunday that he opposes Kushner Companies' request for a tax abatement. Therefore the Kushner family urged the assembled millionaires to "invest early" while the favorable rules are still in place.
Sunday's presentations emphasised the complex's similarity to a Trump-branded luxury development a ten-minute drive away.
Meyer was in China to attract funds from Chinese investors through the US government's EB-5 visa program, the New York Times reported.
Lawmakers are considering major changes to the program, through which investors, mostly from mainland China, receive about 10,000 visas each year. Most investors were Chinese and brought in by QWOS, the company said.
Blake Roberts, an attorney at the law firm of WilmerHale, which is Kushner's personal counsel, said Kushner has no involvement in the operation of Kushner Companies.
Qiaowai is scheduled to hold more pitches for the project in Guangzhou, Shenzhen, and Wuhan over the next two weeks.
But soaring Chinese demand in recent years has made the visas increasingly hard to obtain.
The EB-5 visa program has been under scrutiny in the past - including most recently in March, when Rep.
Some US lawmakers have called for changing or abolishing the EB-5 programme, but the scheme was recently renewed by Congress until september 30.