With bank financing for new construction in short supply, real-estate developers are turning to a federal program that grants green cards to foreign nationals who invest at least $500,000 in a project. The new attention has turned a once-obscure alternative source of funds into a viable route toward development. Use of the 20-year-old program...
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An increasing number of Koreans are immigrating to the U.S. through an investment program as the U.S. has loosened immigration restrictions in order to boost its economy hit hard by the global economic crisis. In 1990 the U.S. government began granting permanent residency, or greencards, to immigrants who invest over US$1 million in the...
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