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In June 2001 four lakes were created and 600 acres (240 ha) of land were excavated as part of the first phase of development. One of the companies that built 300 of the original houses was Perry Homes. [4] In 2014, the Houston Business Journal, in its Most Active Residential Communities List, ranked Shadow Creek Ranch at number six. [5]
The USDA Home Loan Program does allow for considerations for expenses like Child Care. [8] To be eligible, one must be purchasing a property in a rural area, as defined by the USDA. The home or property that the potential buyer is looking to purchase must be owner-occupied; investment properties are not eligible for USDA loans.
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs.
Homes purchased with USDA loans must be located in eligible rural areas. The USDA defines these areas as “open country or any town, village, city, or place, including the immediately adjacent ...
The program was created to provide low-rent homesteads, including a home and small plots of land that would allow people to sustain themselves. Through the program, 34 communities were built. [2] Unlike subsistence farming, subsistence homesteading is based on a family member or members having part-time, paid employment. [3]
On March 14, 2024, Texas Attorney General Ken Paxton sued Colony Ridge and its owner, John Harris, for "have built a sprawling community northeast of Houston on a foundation of false, misleading, and deceptive sales, marketing, and lending practices. Colony Ridge’s business model is predicated on churning land purchasers through a foreclosure ...
Under her proposal, housing built on state lands and deemed 100% affordable for low- and moderate-income households would be exempt from paying a leasehold excise tax, which is levied instead of a ...
This area is west of Ditch "H", just west of State Highway 6 and north of the Brazos River. It is home to the 2,200 acre (8.9 km 2) master-planned community of New Territory and the upcoming 2,018 acre (8.2 km 2) development, Telfair. New Territory was built out in 2003 and Telfair began building homes in early 2006.