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DictionaryThe buying process
Under federal law, a colonia is a community in Arizona, California, New Mexico or Texas, in the U.S.-Mexico border region, that is identified as a colonia by criteria such as a lack of drinkable water, adequate sewage systems and decent, safe and sanitary housing, and that existed as a colonia before the law was passed. Those four states must set aside part of their federal community development funds for water, sewage and housing in colonias.
In Spanish it is
Colonia
Also written as: colonias · border colonias
The CFPB notes that many landowners and developers in Texas border colonias have offered financing through contracts for deed.
Before buying a lot in a colonia near the border, Leticia asks whether it has water and sewer service, and asks in writing who promises to install them and when.
You will rarely see this word alone. These are the ones that show up with it on the same papers.
A HUD-approved housing counselor can walk you through it. Agencies usually charge little or nothing, many work in Spanish, and they do not sell you anything.
We sum up what these official sources say, in plain words. We add no rules they do not state; when a rule changes, the definition and its date change.
