The ASHD project in Anniston, Alabama involves the repurposing of a former Army base, Fort McClellan. The base is being turned into a senior living community, featuring independent living, assisted living, and memory care units. Twelve EB-5 investors have contributed $6,000,000 as part of a more than $30,000,000 comprehensive development.
This project got underway in early 2014 and expects to be complete as of the second half of 2015. The ASHD project is well-supported in the local community and will be a significant boon to the area’s economy. EB-5 investors expect to be credited with creating more than 160 jobs once construction is complete and the facility is open. ASHD investors hail from China, India, Kuwait, the United Arab Emirates, and Egypt. All twelve investors in this project are awaiting I-526 approval as of September 2014, but the lack of EB-5 funds has not delayed the project and it is moving forward effectively, so we are optimistic these cases will be approved in short order.