From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss HUD's decision to extend the HOTMA implementation deadline for multifamily housing.

• HUD extends HOTMA multifamily deadline to January 1, 2027
• Extension provides time for software updates, staff training, and policy revisions
• LIHTC adopted HOTMA income provisions effective January 1, 2025
• Key changes include revised asset income calculations and hardship exemptions
• HUD published 2026 adjustment factors for recertification planning
• Industry groups cited software vendor readiness and training challenges

Property managers should use the extension productively to ensure full compliance readiness by the new deadline.

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Keywords: HOTMA, Housing Opportunity Through Modernization Act, HUD, multifamily housing, income calculation, asset income, compliance, recertification, LIHTC, Section 8, Housing Choice Voucher, property management, NAHMA, software compliance, tenant qualification, fixed-income households, student eligibility, income verification, affordable housing, Spring Street Management Group

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