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LURAs: Land Use Restrictive Agreements and the LIHTC Program A Land Use Restrictive Agreement (LURA) is an agreement between an owner developer and a government entity that documents the restrictions placed upon a property in order to receive tax credits in the future
What Does LURA Stand For in Real Estate? - LegalClarity Discover what LURA means in real estate Learn about this crucial legal agreement that ensures affordable housing properties maintain their purpose A Low-Income Housing Tax Credit Use Restriction Agreement, or LURA, is a legally binding document recorded against a property
LURA Affordable Housing: Hill Creek Capitals Guide LURA is crucial in ensuring long-term affordability and stability in the housing market for low-income households The Land Use Restrictive Agreement (LURA) is essential in providing affordable Housing through mechanisms like the Low-Income Housing Tax Credit (LIHTC) program
Land Use Restriction Agreement: Definition How They Work What is a Land Use Restriction Agreement? A Land Use Restrictive Agreement (LURA) is a legal document in which the property owner gives up some of their rights of the land use in exchange for the promise of future tax credits, tenant income restrictions, unit set asides to be rented to lower income tenants and other affordability restrictions
What is Land Use Restriction Agreement or LURA in real estate? In real estate, the Land Use Restriction Agreement (LURA) is a key document for the Low-Income Housing Tax Credit (LIHTC) program The LURA helps keep a multifamily property affordable for low-income tenants
What is a LURA in Real Estate? - hellodata. ai A Land Use Restriction Agreement (LURA) in real estate is a legal document that specifies how a property must be used, particularly to ensure it remains affordable for low-income residents
Land Use Restriction Agreement for Multifamily Property What Is a Land Use Restriction Agreement (LURA)? The land use restriction agreement is a contract that requires any real estate that is a multifamily property using LIHTCs to land use restrictions In this agreement, the investor or owner of the project agrees to give up some of their rights
Land Use Restriction Agreements (LURA) - Adventures in CRE A LURA is an agreement between a property owner and the government in which the owner agrees to restrict the use of their property—typically for affordable housing—in exchange for benefits like Low-Income Housing Tax Credits (LIHTC)