A Republican Texas state representative has introduced legislation to improve property sale transparency in an attempt to address issues surrounding Colony Ridge, a sprawling Texas development that’s become notorious for attracting illegal aliens through its marketing operations and loan schemes.
Rep. Janis Holt of Texas’ 18th State House district introduced the legislation, House Bill 2519, as a response to concerns surrounding the 60-square mile land development north of Houston that the Department of Justice and the Consumer Financial Protection Bureau have accused of rapidly flipping properties and churning buyers through a cycle of foreclosure.
The legislation would establish a more thorough record-keeping system for property sales for government use.
Rep. @JanisHolt59 is working on legislation to address the growing concerns surrounding Colony Ridge, located in HD 18. Stay…
