The Audacity to Champion Equitable Use
Land use covenant and Land Use Restrictive Agreements (LURAs) are utilized in the affordable housing industry in order to require that units of affordable housing stay income-restricted over a period of years. However, the design, review, application, removal and expiration of these affordable housing land use covenants is a complicated and highly technical aspect of the creation of affordable housing. These tools are designed and intimately understood to be critical parts of the creation of affordable housing throughout Los Angeles City, County, and the State of California.
Matricardi Law is experience in real estate transactions in Los Angeles City, Los Angeles County, and throughout the State of California as they related to affordable housing endeavors requiring land use covenants or LURAs, and can represent you throughout the application, compliance, removal and/or termination process for these real estate mechanisms.