LURA definition

LURA means the Land Use Restriction Agreement that is a recorded agreement between GHFA and the Owner of a HOME-funded project. The LURA is binding upon the Owner and its successors in interest, and that encumbers the project with respect to this Plan and the requirements of the HOME program.

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LURA means the “Extended Low-Income Housing Commitment” required by IRC § 42(h)(6) which must be in the form of a Declaration of Affirmative Land Use and Restrictive Covenants Agreement (commonly referred as the “LURA”) that is recorded and runs with the land on which the Project is developed, restricting the use of land by the Owner and its successors and assigns to the terms and conditions of the Project, as approved by ADOH. All Amenities, Design Features and Tenant Services described and committed in the Application will be identified in the LURA and will be inspected at each on-site Compliance inspection.

LURA means the Land Use Restriction Agreement that is a recorded agreement between GHFA and the Owner of a HOME-funded project.

Examples of LURA in a sentence

No other tax increment financing revenues received by LURA or any other revenues received by LURA shall be included in the Special Account.
The Substitute Borrower hereby assumes all of the duties and obligations of the Borrower set forth in the LURA in accordance ▇▇▇h its terms and conditions.
The Substitute Borrower's address for notice, hereunder and the LURA is: ▇▇▇stitute Borrower: Barrington Hills Acquisition, L.L.C. c/o Maxus Realty Trust, Inc.
The COUNTY LURA shall be recorded against the Project before any other documents creating an encumbrance thereon, except for the Mortgage (as defined herein), existing matters of record, the ▇▇▇▇▇ ▇▇▇▇ (as defined in the COUNTY LURA) and documents executed in connection with construction and permanent financing provided by [Note: TBD], the Wisconsin Housing and Economic Development Authority and the City of Madison (“Senior Lenders”).
The recordation of this Agreement is not intended to affect the priority of the ▇▇▇▇ and the Assignee specifically agrees that the LURA is senior in status and priority to any other claims or liens against the Project.

More Definitions of LURA

LURA means the “Extended Low‐Income Housing Commitment” required by IRC § 42(H)(6) which must be in the form of a Declaration of Affirmative Land Use and Restrictive Covenants Agreement (commonly referred as the “LURA”) that is recorded and runs with the land on which the Project is developed, restricting the use of land by the Owner and its successors and assigns to the terms and conditions of the Project, as approved by ADOH.

LURA means the Land Use Restriction Agreement that is a recorded agreement between GHFA and the Owner of a HOME-funded project. The LURA is binding upon the Owner and its successors in interest, and

LURA means land use restriction agreement, and has the same meaning as Declaration of Restrictive Covenants.

LURA. ' means with respect to any issue of Bonds, the land use restriction agreement, tax regulatory agreement or other similar agreement imposing operating restrictions on the related Project.

LURA means the “Extended Low-Income Housing Commitment” required by IRC § 42(h)(6) which must be in the form of a Declaration of Affirmative Land Use and Restrictive Covenants Agreement

LURA means Land Use Restriction Agreement.

LURA means the Land Use Restriction Agreement that is a recorded agreement between GHFA and the