>>21903277 lb
Records obtained by Houston Landing and The Texas Tribune, however, show at least three state agencies were warned about other potential problems with the development years earlier. Residents sent state agencies more than five dozen complaints about Colony Ridge and its marketing arm, Terrenos Houston, from 2016 to 2023.
Instead, the federal government stepped in with enforcement action, painting a different picture of the development’s problems. In a December lawsuit, the U.S. Justice Department alleged the Colony Ridge’s developer duped thousands of Latino buyers with a scheme that violates federal consumer protections and fair housing practices, while ruining their dreams of homeownership.
Thousands of Colony Ridge buyers defaulted on their loans, losing their land and nascent investments, according to the federal government. The company is accused of repeating that process — often exploiting language barriers — by reselling the land to new, unsuspecting customers.
https://www.texastribune.org/2024/02/27/texas-conservatives-immigrants-federal-lawsuit-colony-ridge/