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.

“Colony Ridge set out to exploit something as old as America: An immigrant’s dream of owning a home,” said Alamdar S. Hamdani, the U.S. Attorney for the district that covers Houston. “As alleged in the complaint, Colony Ridge’s exploitative practice began with misleading advertisements on platforms like TikTok and often ended with families facing economic ruin. No home — and shattered dreams.”

Colony Ridge entities developed a collection of subdivisions that cover about 33,000 acres of land 30 miles north of Houston. Those neighborhoods drew the attention of Gov. Greg Abbott

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