Which of the following statements is not true regarding owner-adopted preferences?

The statement that owners are required to adopt preferences is not true. In multifamily housing, while owners may choose to adopt certain preferences for their property, such as targeting specific populations based on certain criteria, they are not legally mandated to do so. This flexibility allows owners to tailor their housing offerings to meet the needs of their specific markets.

The other statements are accurate because preferences adopted by owners must align with fair housing laws to ensure that no discrimination occurs based on protected classes. Additionally, these preferences cannot override pre-existing program-specific preferences which are often set by regulatory bodies to fulfill specific housing goals. Finally, any owner-adopted preferences must also take a backseat to income targeting and statutory preferences, which are legal requirements in many instances to ensure affordable housing availability for low-income individuals and families. Hence, statement A correctly reflects the non-mandatory nature of owner-adopted preferences.