Texas Attorney General Ken Paxton has filed a lawsuit against the owner of Colony Ridge, a housing development located in Liberty County, Texas. The lawsuit alleges that the owner has engaged in deceptive trade practices, fraud in real estate transactions, and other violations of Texas and federal law.
Colony Ridge has been the subject of controversy in recent years, with some critics claiming that the development is a magnet for illegal immigrants.
The lawsuit claims that the owner has targeted foreign-born and Hispanic consumers with limited or no access to credit, making false promises about the condition of the land and the availability of infrastructure such as sewer, water, and electricity.
🚨BREAKING🚨: Texas Attorney General @KenPaxtonTX sued housing development company Colony Ridge today for “deceptive trade practices, fraud in real estate transactions, and other violations of Texas and federal law."
According to the lawsuit, which was filed today, Colony Ridge… pic.twitter.com/CzwJeKCdQI
— Will Biagini (@BiaginiWilliam) March 15, 2024
The lawsuit also alleges that the owner has engaged in predatory lending practices, with foreclosure rates 50 times greater than the 2023 national average. According to the lawsuit, the owner has made “fraudulent claims” and exploited customers, leading to a situation where many people are unable to live in the homes they have purchased.
Attorney General Paxton has stated that the owner of Colony Ridge has been flagrantly violating Texas law and that the lawsuit is necessary to protect the rights of consumers. The lawsuit seeks to hold the owner accountable for their actions and to prevent them from engaging in similar practices in the future.
This lawsuit comes at a time when the issue of illegal immigration is a hot topic in Texas and across the United States. Many conservative lawmakers and media outlets have expressed concern about the impact of illegal immigration on local communities, and this lawsuit is likely to be seen as a step in the right direction by those who support stricter immigration policies.
