Today, April 17, 2026, U.S. Citizenship and Immigration Services approved Behring Regional Center’s Form I-956F amendment for the CIVIC project at 1950 Franklin Street in Oakland, California. The amendment increases the combined maximum EB-5 capital raise across the project’s two affiliated new commercial enterprises — BRC Legacy Partners LP and BRC Partners VIII LP — from $25.6 million to $41.6 million, and expands the maximum investor count from 32 to 52.
USCIS determined the amendment complies with all applicable EB-5 program requirements, including job creation standards under INA § 203(b)(5)(E)(iv)(I), investment and offering document disclosure under INA § 203(b)(5)(F)(i)(IV), and securities-related certifications under INA § 203(b)(5)(F)(i)(III), (V) and (VI). The approval reaffirms the project’s infrastructure designation under INA § 203(b)(5)(D)(iv) and its targeted employment area status as a high unemployment area, now valid through March 2028.
What This Means for Oakland
CIVIC is the renovation of a 21-story office tower and an eight-story parking garage at 1901 and 1950 Franklin Street in the heart of downtown Oakland. Four floors of the tower will house a U.S. Department of Veterans Affairs community-based outpatient clinic and medical office facility delivering primary care, mental health services, and specialty medical support directly to Oakland-area veterans who deserve high-quality service. The remainder of the tower will be renovated and leased as retail and office space, contributing to the ongoing revitalization of Oakland’s Uptown district and bringing daytime foot traffic, local employment, and commercial activity back to a part of the city that has seen considerable headwinds in recent years. EB-5 capital raised through BRC Legacy Partners LP and BRC Partners VIII LP supports the project as a mezzanine loan to the job-creating entity, 1950 Franklin Street LLC. This is what the EB-5 Reform and Integrity Act was designed to enable: international capital flowing into American infrastructure that serves underserved communities, backed by rigorous federal regulatory review.
On the Legal Work Behind the Filing
“Securing a Form I-956F amendment approval at this pace speaks to the need for state of the art healthcare in Oakland and the careful work of a legal team that understands both the letter of the Reform and Integrity Act and the practical realities of how USCIS adjudicates these filings. Phuong Le, Niral Patel, Hallie Schechter, and the whole team at KLDP LLP delivered at the highest level on both counts. I’m grateful to continue to work alongside counsel of that caliber, and this approval is very much theirs as much as ours.”
— Colin Behring, CEO, Behring Companies
To our investors who subscribed to CIVIC while this amendment was pending review: thank you for your confidence in Behring. This approval is yours too.
Informational only. Not an offer or solicitation of securities. Any offering is made solely by confidential private offering memorandum. Approval of a Form I-956F does not guarantee approval of related Form I-526E petitions.
