Urban Renaissance Agency

Urban Renaissance Agency
独立行政法人都市再生機構
AbbreviationUR
Nickname都市機構
Predecessor都市基盤整備公団
地域振興整備公団の地方都市開発整備部門
EstablishedJuly 1, 2004 (2004-07-01)
TypeIndependent Administrative Institution
Location
Coordinates35°27′0.5″N 139°38′6.4″E / 35.450139°N 139.635111°E / 35.450139; 139.635111
LeaderMasaru Ishida
Parent organization
Ministry of Land, Infrastructure, Transport and Tourism
Funding¥ 1,057 billion
Staff3,196
Websitewww.ur-net.go.jp

Urban Renaissance Agency (独立行政法人都市再生機構, Dokuritsu gyōsei hōjin Toshi saisei kikō), also known as UR (都市機構, UR都市機構), is a semipublic Independent Administrative Institution, and is an agency responsible for Japanese housing. It provides housing at rates pegged to the market, but without the fees associated with private renting in Japan (key money, renewal fee) or the need for a guarantor. As of 2014, it managed around 750,000 rental properties across Japan.