IIUSA’s latest report highlights key processing statitics from the last fiscal quarter as well as year-over-year changes for Form I-829 (Petition by Entrepreneur to Remove Conditions on Permanent Resident Status). The report highlights growing I-829 fillings, increasing numbers of pending petitions and a jump in I-829 denial rates in Q3 Fy2018. The full report is now available to all IIUSA members through your member portal account and key highlights can be explored below.
Last week, highlighted key data points & trends in I-526 petition processing. A complete report can be found here.
Highlights on I-829 Petition Processing
- Filings & Adjudications: The number of I-829’s filled in Q3 FY2018 grew by 4% to nearly 1000. This number represents the highest filing level in program history and is representative of the increasing number of EB-5 investors who are eligible to remove their conditions on their temporary green cards.
- Approvals & Denials: USCIS approved 414 I-829 petitions in Q3, 27% less than the previous quarter and a 52% year-over-year decline.
- Approval Rate: The average approval rate of I-829 petitions in the previous quarter dipped to 87%, the lowest rate since Q1 2017.
- Pending Petitions: As of the end of Q3 their were a total of 7,818 petitions pending with USCIS the highest level in Program history.
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