Colony Ridge, Texas
Subdivisions in Texas / From Wikipedia, the free encyclopedia
Colony Ridge is a collection of subdivisions in unincorporated Liberty County, Texas, United States. It is approximately 30 miles (48 km) northeast of Downtown Houston.[1]
The Colony Ridge subdivisions have been developed by Colony Ridge, LLC, led by brothers John Harris and William Trey Harris. They advertise mainly in Spanish to the Hispanic market through using the names Terrenos Houston (Houston Terrains), Terrenos Santa Fe (Santa Fe Terrains), Santa Fe, Terrenos Parkway 99 (Parkway 99 Terrains), and Lotes y Ranchos (Lots and Ranches) among others.
Colony Ridge has been accused of using predatory lending practices to entice Hispanic immigrants to buy land in their developments by the Department of Justice and the Consumer Financial Protection Bureau stating "bait-and-switch sales and predatory financing."[2]
U.S. Attorney Alamdar S. Hamdani for the Southern District of Texas said, “As alleged in the complaint, Colony Ridge’s exploitative practice began with misleading advertising on platforms like TikTok and often ended with families facing economic ruin, no home and shattered dreams."[3]
On March 14, 2024, Texas Attorney General Ken Paxton sued Colony Ridge and its owner, John Harris, for "have built a sprawling community northeast of Houston on a foundation of false, misleading, and deceptive sales, marketing, and lending practices. Colony Ridge’s business model is predicated on churning land purchasers through a foreclosure mill."[4]