TDHCA’s Asset Management division would like to remind Owners and Agents of Housing Tax Credit developments that the Land Use Restriction Agreement (LURA) for Housing Tax Credits must be recorded by the Owner before the end of this year for developments that identify 2025 as the first year of the credit period. Since LURA originations may take 30 days or more, requests must be submitted by the end of September to avoid any potential delays due to corrections or recording timelines.
Requests for LURAs must be submitted using the Department’s LURA Origination Request package at https://www.tdhca.texas.gov/sites/default/files/asset-management/docs/LURA-Origination-Request_0_0.xlsx, which is located in the LURA Origination section of the Department’s website at https://www.tdhca.texas.gov/post-award-activities-manual.
Questions can be directed to the Asset Manager assigned to the development’s region. If you need assistance identifying the Asset Manager assigned to your development, please refer to the Asset Management Region Map with Assignments (PDF) ? February 2025 (https://www.tdhca.texas.gov/sites/default/files/asset-management/docs/AssignmentMap_0.pdf)
located on the Asset Management Contact List page of the Department’s website at https://www.tdhca.texas.gov/asset-management-contact-list.
Note that if a development received a 4% HTC award and already has a Bond LURA, the Owner still must request the Housing Tax Credit LURA. Similarly, if a development received an award of MFDL funds and has Housing Tax Credits, the Owner still must request the Housing Tax Credit LURA.