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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.

With a land use restrictive agreement (lura) the owner gives up some of their rights of the land use in exchange for the promise of future. Discover what lura means in real estate Learn about this crucial legal agreement that ensures affordable housing properties maintain their purpose Learn about land use restriction agreements (lura) and their role in affordable housing This site has been developed to facilitate the compliance reporting requirements as specified in the lura and the owner’s compliance manual The program guidelines are detailed in the owner’s compliance manual available on this site