NYC developers who have used the EB-5 immigrant investor program to finance large scale luxury developments should be pleased that the program has been extended. The extension is expected to pass later this week and will give the program 10 more months. At which time, Congress and the real estate lobby can try to come to an agreement to change it. The current setup allows 10,000 visas a year to investors who put up at least $500,000 in job-creating businesses. Interestingly enough, having spoken to immigration attorneys this may not be the best program out there depending on an investor’s needs and desire to remain in control of their funds.