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DOJ Secures $68 Million Settlement in Alleged Land Development Scheme Targeting Hispanics

Colony Ridge Land LLC agreed to invest millions in improving infrastructure and increasing law enforcement presence around its developments.
DOJ Secures $68 Million Settlement in Alleged Land Development Scheme Targeting Hispanics
A foreclosure sign is posted in front of townhomes in Los Angeles in a file photo. Kevork Djansezian/Getty Images
Troy Myers
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The U.S. Department of Justice (DOJ) announced Tuesday that it reached a $68 million settlement with a Houston-based land developer and lender accused of running a predatory scheme targeting Hispanics.

The DOJ alleged that Colony Ridge Land LLC’s targeting of Hispanics violated the Equal Credit Opportunity and the Fair Housing acts. The company’s alleged deceptive lending practices exploited the language barrier and created a cycle of foreclosures, according to a news release.

Troy Myers
Troy Myers
Author
Troy Myers is a regional reporter based in St. Augustine, Florida. His background includes breaking, criminal justice, and investigative writing for local news, producing on a national morning newscast in Washington, D.C., and working with an award-winning, weekly investigative news program. In his free time, he enjoys spending time with his dog at the beach.