Colony Ridge agrees to $68M settlement over predatory lending, halting sales and boosting infrastructure and law enforcement.

Colony Ridge developers have agreed to a $68 million settlement with Texas and federal authorities over allegations of predatory lending and discriminatory practices targeting Hispanic families. The agreement, effective February 10, 2026, halts direct-to-consumer sales for 36 months, bans sales to individuals from certain countries, and mandates infrastructure improvements using $48 million. $20 million will fund law enforcement, including immigration enforcement support. The company denies wrongdoing but will implement stricter underwriting and identification requirements. The case, the first under the Fair Housing Act and Equal Credit Opportunity Act for such conduct, aims to enhance public safety and affordable homeownership.