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The Texas Tribune

National

Alejandro Serrano

Feds sue Colony Ridge developer, accusing it of preying on Latino homebuyers

United States Colony Ridge Houston

An overhead view of the Colony Ridge development on Monday, Oct. 9, 2023, in New Caney, Texas. — An overhead view of the Colony Ridge development on Monday, Oct. 9, 2023, in New Caney, Texas. (Credit: Mark Felix for The Texas Tribune)

HOUSTON — Federal authorities on Wednesday sued Houston-area developer Colony Ridge, accusing it of luring Latino home buyers into seller-financed mortgages and setting them up to default and face foreclosure.

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