An agreement between a property owner and the government whereby the property owner agrees to limit the use of its property in exchange for some pre-determined tax credits or bond financings. A Land Use Restriction Agreement (LURA) is most common to low income housing tax credits (LIHTC) where the property owner agrees to limit the rent it may charge at the property and in so doing becomes eligible for certain tax credits.

The LURA stays with the land, meaning any restrictions defined in the agreement continue on even after a sale. These restrictions generally last for a pre-defined period of time, usually 15 to 30 years depending on the agreement and jurisdiction.

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