The Housing Opportunities Through Modernization Act (HOTMA) introduces significant updates for multifamily housing providers. With the HOTMA Compliance 2025 deadline set for January 1, 2025, housing professionals must act now to prepare for these regulatory changes. Designed to enhance efficiency and program integrity, HOTMA’s updates bring both challenges and opportunities.

At Housing and Development Software (HDS), we understand these challenges. To support your organization, we are launching Version 3.1 of the MFX Multifamily Compliance Manager. This release simplifies compliance and streamlines your operations, ensuring you can meet HOTMA’s requirements with ease.

What Are the HOTMA Regulatory Updates?

HOTMA introduces several key updates multifamily housing providers need to address:

• Income Reviews and Limits: The updated regulations modify how household income is calculated and reviewed. These changes include stricter eligibility rules and revised income thresholds, which housing providers must follow.
• Asset Calculations: HOTMA defines assets more clearly and outlines how they should be valued, which directly impacts tenant eligibility.
• Streamlined Reporting: The law unifies data collection and reporting standards, reducing administrative burdens while improving accuracy.
• Housing Quality Standards (HQS) Flexibility: By allowing landlords to self-certify minor repairs, HOTMA expedites approval processes. Moreover, it offers local jurisdictions the flexibility to adapt HQS requirements.
• Enhanced Program Integrity: HOTMA strengthens measures to reduce fraud and waste, aligning with HUD’s goal of equitable housing access.

How MFX Version 3.1 Helps You Stay Compliant

Our latest release is designed to seamlessly integrate these HOTMA updates into your workflow, offering:

• Automated Calculations for income and assets to reduce errors and ensure compliance.
• Customizable Reporting Tools to simplify demonstrating compliance to oversight agencies.
• Intuitive User Interface to guide your team through the updated requirements efficiently.

Preparing You for Success with HOTMA Compliance 2025

To help you transition smoothly, HDS will host an online meeting on Tuesday, December 10, 2024, from 2–3 PM EST. This session will provide an in-depth look at the regulations and showcase how MFX Version 3.1 simplifies compliance.

Why Partner with HDS?

HDS empowers housing professionals by providing innovative, tailored solutions. Our proactive approach ensures your organization stays ahead of regulatory changes, allowing you to focus on providing quality housing.

Stay tuned for the release of MFX Version 3.1. Together, we’ll make 2025 a successful year for your organization.

Visit HUD.gov for more information on HOTMA and HDSoftware.com to discover more about our MFX Multifamily Compliance solution.