The Real Deal Miami

Back a subdivision, get a green card

August 19, 2009 12:32PM

Century Homebuilders, one of the state’s largest developers, is offering foreign investors more than a split-level ranch if they get into its new Doral subdivision. The company is launching an investor visa program that could put investors on a path to U.S. citizenship. Century hopes to raise $50 million to complete a 4,500-house subdivision on 350 acres by raising at least $500,000 per foreign investor. That commitment would make them eligible for the investor visa program, which can lead to residency and citizenship for investors who create jobs for at least 10 U.S. workers. The federal Citizenship and Immigration Services put Miami-Dade and Monroe counties into a pilot program that makes the process smoother by allowing investors to satisfy the employment requirement indirectly.