Civitas Files I-956F for The Summit in Avon, Colorado as Part of EB-5 Program
Civitas Capital Group has filed Form I-956F with USCIS for The Summit, a Class A multifamily development project located in downtown Avon, Colorado. This filing is a key step toward making the $104 million senior construction loan-backed project available to EB-5 investors under rural Targeted Employment Area (TEA) designation. The TEA status allows eligible investments at a reduced threshold of $800,000 and offers benefits such as priority processing for I-526E petitions. The Summit is expected to accommodate approximately 100 EB-5 investors through the Civitas Avon fund. The Town of Avon has committed up to $11.84 million in public financing, highlighting strong local support. The project will include 164 residential units and commercial space on a prime site near Beaver Creek Resort and major employers like Vail Resorts. Construction is set to begin in Q3 2026.
Topics: construction financing EB-5 program multifamily housing