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.[1]