Industry Defense Fund

BOMA International's member-driven Industry Defense Fund is instrumental in giving a voice to the commercial real estate industry helping achieve critical advocacy successes.  Its purpose is to ensure that adequate funds are available at the federal, state and local levels for wide-ranging advocacy issues that may impact BOMA members.  The IDF is administered by an oversight committee, and applications are accepted on a rolling basis.

 

CALIFORNIA PROP 15

BOMA California and the California Business Properties Association helped lead the successful fight that defeated a statewide November ballot measure on “split roll” property taxes. The initiative threatened to dismantle long-standing tax protections and would have resulted in a $12 billion annual tax hike on commercial real estate. Coupled with the impacts of the COVID-19 pandemic and a national recession, this would have been devastating to the CRE industry and to small businesses and California communities generally. BOMA International’s Industry Defense Fund approved a $100,000 contribution to the opposition campaign -- the largest award ever granted by the IDF -- that was matched by the BOMA local associations in the state. Congratulations to all involved in this historic victory.

HOW TO APPLY

CONTACT

Ken Rosenfeld
Director of State and Local Affairs
krosenfeld@boma.org

Maria Balzer-Pisciotta
Manager, State and Local Affairs
mbpisciotta@boma.org

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