Category Archives: LAMBRA
New HCD Memo: LAMBRAs
Someone turned on the memo spigot at HCD. Today HCD issued Memorandum 8-07 dealing with some ambiguity in determining the correct effective dates of the LAMBRAs. As the memo describes the problem: AB 2875 changed the effective date of each LAMBRA’s eight-year period. Because AB 2875 stated that a LAMBRA would begin its eight-year period [...]
