#USA #Oakland #EB-5 #Behring Co #CIVIC Project

Behring Co. Secures USCIS Approval for CIVIC EB-5 Project

In a significant development for both the real estate and healthcare sectors, Behring Co., a leading real estate enterprise based in the San Francisco Bay Area, has announced that the USCIS has approved its Form I-956F for the Community Investment for Veterans' Infrastructure and Care (CIVIC) Project. This approval offers a unique opportunity for EB-5 investors to gain expedited paths to U.S. green cards while contributing to an essential public service.

The CIVIC Project is set to serve as a new primary care outpatient clinic operated by the U.S. Department of Veterans Affairs (VA), strategically located in Oakland. Behring’s development will unfold at the 1901 and 1950 Franklin Street site, where the VA recently secured a significant long-term lease. This lease represents the largest federal office agreement in Oakland since 2021 and marks a vital addition to the local healthcare landscape.

The decision to relocate the VA clinic to this prime location was made following a rigorous competitive government selection process. Behring Co. successfully positioned the CIVIC project as a critical infrastructure hub by showcasing its quality, central location, and potential to meet urgent healthcare needs for thousands of veterans in the San Francisco East Bay Area. Execution of this project is expected to facilitate over 43,000 clinic visits annually, solidifying its role in providing essential health services.

The infrastructure visa set-aside designation reflects the project's alignment with the needs of EB-5 investors looking for viable investments backed by federal government support. According to Colin Behring, the CEO of Behring Co., the approval of Form I-956F is a crucial milestone in an investor's journey toward securing their EB-5 visa, allowing developers to process I-526E petitions without the common delays experienced with rural or high unemployment area projects.

Behring Co. has a rich history of contributing to Oakland's economic resurgence, focusing on projects that foster both job creation and community enhancement. With the new VA-anchored clinic, the company's dedication to the Oakland community strengthens its position as a catalyst for growth. Colin Behring expressed excitement over this new chapter, stating that it illustrates their ongoing commitment to ‘bringing new investment, creating American jobs, and delivering lasting value for the community.’

The development will also include modernized facilities that ensure continuity of healthcare services to veterans, illustrating a commitment to public benefit alongside prospective return on investment for EB-5 stakeholders. The VA lease provides a dual advantage of both long-term occupancy and government-backed improvements, aligning returns closely with EB-5 requirements for job creation and investment.

Furthermore, Behring's CIVIC project aligns seamlessly with their broader objectives of sustainable and transformative development. Following the succesful completion of various multifamily, student, and mixed-use properties across the Bay Area, this initiative represents an exciting opportunity for EB-5 investors to participate in impactful real estate projects while working towards their immigration goals.

As investors eye Behring's CIVIC Project, its potential for growth and community impact will likely influence the ongoing dialogue around infrastructure development and investment opportunities across the country. For more information on Behring Co. and the CIVIC Project, visit BehringEB5.com.