Colony Ridge, a collection of subdivisions in unincorporated Liberty County, Texas, has come under scrutiny for its controversial development practices. Owned by Colony Ridge, LLC and led by brothers John and William Trey Harris, the company has faced accusations of predatory lending targeting Hispanic immigrants. The Department of Justice and the Consumer Financial Protection Bureau have alleged “bait-and-switch sales and predatory financing” by Colony Ridge.
The development, which began operations in 2011, uses multiple company names to market to the Hispanic community, including Terrenos Houston and Terrenos Santa Fe. Despite the rapid growth, concerns have been raised about the lack of regulatory oversight and the impact on the local community.
The controversy surrounding Colony Ridge has also attracted political attention, with various groups criticizing the development and circulating conspiracy theories. Accusations of illegal immigration, drug cartel involvement, and anti-immigrant sentiment have fueled debates within Texas politics. Despite these claims, residents have defended Colony Ridge as a vibrant community with a diverse population.
As legal battles and investigations unfold, the future of Colony Ridge remains uncertain. Stay updated on the latest news and developments regarding this contentious Texas subdivision.
Attribution:
This article was summarized and republished from the original source.
Please check the original article here: https://en.wikipedia.org/wiki/Colony_Ridge,_Texas.