Federal Lawsuit Alleges Texas’ Colony Ridge Developers Preyed on Hispanic Borrowers, Exploited Language Barriers

Published on December 21, 2023

The U.S. Department of Justice and the Consumer Financial Protection Bureau (CFPB) are suing the developers of the Colony Ridge community in Texas, an alleged haven for illegal immigrants, accusing those developers of using predatory tactics to attract home buyers. Colony Ridge, also known as the Terrenos Houston community, is a 33,000-acre unincorporated residential area in Liberty County, about 40 miles northeast of Houston. The community has been in active development since at least 2011. On Wednesday, the DOJ and CFPB announced a lawsuit alleging the Colony Ridge Development company and various affiliated entities used an array of deceptive tactics to lure in predominantly Hispanic residents, getting them to accept loans they often cannot afford....

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