In an effort to expand recognition to more hard-working Houston BOMA members, the Houston BOMA Board of Directors has developed a brand new awards program for 2018 which replaces our previous Member of the Year Program. The new program adds five additional award categories and expands recognition beyond Houston BOMA involvement into workplace accomplishments. 

The most exciting aspect of the revamped awards program is that our members and member companies will provide the nominations. We've also expanded the award categories which include:

Property Manager of the Year Executive Manager of the Year Engineer of the Year Assistant Property Manager of the Year Administrative Assistant of the Year

Allied Member of the Year Young Professional of the Year Committee Chair of the Year Eugene Barbles Lifetime Achievement Award

As you can see, there's tons of recognition to go around. The new program recognizes leadership, innovation, management, professional growth and more. Who within your organization is a go-getter deserving of this special recognition? Submit your nominations using our super easy online form by September 30, 2018. The Awards of Excellence will be presented at our Annual Awards Extravaganza on Friday, December 7, 2018.  Read about the awards criteria and nomination process here.

The National Fire Protection Association (NFPA), a global, nonprofit organization devoted to eliminating death, injury, property and economic loss due to fire, electrical and related hazards, recently released a new provisional standard to help policy makers, first responders and others create effective planning and response programs for active shooter situations and other hostile events. The organization also is offering the NFPA 3000 (PS) Readiness Assessment, a free checklist to help assess a community's preparedness level. Download the assessment and find more resources here.

The drafting error in the U.S. Tax Cuts & Jobs Act that moved leasehold improvement property-as well as restaurant and retail property-from a 15-year depreciation schedule to a 39-year one is getting some much-deserved attention. All three property types were combined into "qualified improvement property" (QIP) in the 2017 tax bill and were supposed to be granted both a 15-year depreciation period and full expensing until 2022. However, the writers of the bill neglected to specify a depreciation period, reverting all property back to 39 years.

BOMA International has been working with a coalition of other real estate groups to pass a technical correction to resolve the issue. Last week, the Tax Foundation, a bipartisan organization, released a report on what they have coined the "Fixtures Fix." The report outlines the ramifications of the error, including its potential to negatively affect local economies, and urges Congress to correct the issue without delay. Read the report here.

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Monday, October 15, 2018

BlackHorse Golf Club, 12205 Fry Rd., Cypress, TX

Our annual golf tournament is back! Join us for a day on the green to golf "fore" a good cause, with proceeds benefiting the Houston Police Department, Houston Fire Department, and the Houston BOMA Foundation. Participants will enjoy great golfing,  plenty of food and goodies on the course, as well as a silent auction, door prizes, and dinner after the tournament. Sign up your team now or choose sponsorship before they're all gone!