Foreigners Finance Real Estate Development to Gain U.S. Citizenship

People seeking U.S. citizenship are financing Bay Area real estate projects using an obscure federal immigration program that grants green cards in exchange for capital investment. San Jose-based Barry Swenson Builder broke ground May 15 on an $80 million two-hotel complex east of the Mineta San Jose International Airport for which 40 percent of the cost is to come from equity raised from foreign investors.

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