Apr 1
The Homeowner's Visa—A Path to Limited Legal Residency in the USA
DRAFT PROPOSAL
The EB5 Visa offers a path to residency in the US for the cost of a $500,000 investment. If all requirements are met, the end result is the coveted Green Card offering permanent residency and right-to-work in the US.
Along the same lines, with much more limited residency and no work rights, why doesn't the US Citizenship and Immigration Department grant a Homeowner's Visa with the following requirements and benefits:
- Deeded ownership of residential real estate within the US
- Full and timely payment of any and all taxes and local, county, state, and federal liens/fees on owned real estate
- Annual administrative fee to cover monitoring costs
- All Homeowner's Visa residents must carry Private Health Insurance
- Limited, restricted, and revocable US residency through the Homeowner's Visa granted to deeded owner, legal spouse and children (occupancy rate in dwelling must comply with local board of health codes/guidelines)
- Cost of living resources must be verified for all residents
- No work rights whatsoever
- Public schools may be attended at school-determined cost plus administrative fee
Without costing any American jobs, this proposal would stimulate demand for residential housing, and bring new spending and sales tax revenue to local communities.
Thoughts?
