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This Land Use Restriction Agreement (LURA) outlines the terms and conditions under which certain multifamily properties in Texas must operate to meet the requirements of the HOME Match Development program. The agreement stipulates compliance with various federal and state housing regulations, occupancy and income restrictions for tenants, and monitoring by the Texas Department of Housing and Community Affairs.
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What is Land Use Restriction Agreement (multifamily Properties) Form?

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A land use restriction agreement is a legal document that specifies the permitted and prohibited uses of a piece of real estate, helping to preserve the land's value, environmental quality, and compliance with local regulations.
Typically, property owners or developers who wish to establish specific uses or limitations on their property are required to file a land use restriction agreement, often in conjunction with local governmental authorities.
To fill out a land use restriction agreement, you need to include details such as the property description, the specific restrictions being imposed, the parties involved, duration of the agreement, and signatures from involved stakeholders.
The purpose of a land use restriction agreement is to manage property development, protect environmental resources, ensure compatibility among neighboring land uses, and maintain local community standards.
Information that must be reported includes a clear description of the property, specific restrictions, duration of the agreement, the purpose of the restrictions, and the names and signatures of the parties involved.
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