BOMA/GLA DISCUSSES POSSIBLE SEISMIC LOAN PROGRAM WITH COUNCILMAN ENGLANDER

On April 4th, BOMA/GLA member Jeff Herrera, Rising Realty, and staff members Martha Cox-Nitikman and Andrew Kratzer met with Councilman Mitchell Englander’s office to discuss the Councilman’s proposal for a revolving loan program for buildings subject to the L.A. Seismic Retrofit ordinance. The current proposal would look at whether affordable housing or other funds could be used for retrofit loans.

If your property might be interested in this program, please contact Martha Cox-Nitikman at mcoxnitikman@bomagla.org.

SEISMIC LOAN PROGRAM PROPOSED BY L.A. COUNCILMEN ENGLANDER AND BUSCAINO

Under current law, owners of unreinforced concrete buildings and soft story apartments are required to pay for costly seismic retrofits if the buildings don’t meet standards set several years ago by the City of L.A. Council members Mitchell Englander and Joe Buscaino recently received approval of their motion to research the creation of a revolving loan program for owners subject to the seismic retrofit ordinance. BOMA advocacy staff will meet with Englander’s office this week to discuss details of such a program.

BOMA/GLA'S MARTHA COX-NITIKMAN QUOTES IN LA TIMES RE: SEISMIC AGAIN

BOMA/GLA's Martha Cox-Nitikman has been in the LA Times recently discussing seismic retrofit for commercial property owners. With more and more cities considering mandatory seismic retrofit legislation, its important that our voice is heard. Stay tuned for more and click here to read the article at the LA Times. 

BOMA/GLA’S ADVOCACY EFFORTS SAVE OWNERS TENS OF THOUSANDS ANNUALLY

Every year, BOMA fights at all levels of government to protect the interests of commercial real estate. What does that mean to each member? Savings of tens of thousands of dollars to your bottom line.

Here are examples of recent success stories. Share these with your asset managers and owners as you explain your involvement in BOMA.

NATIONAL MODEL CODE REQUIREMENTS