Virginia Housing Case Study: Showcased at NCSHA

ProLink Solutions has developed a Case Study on Virginia Housing Asset Management. ProLink Solutions is proud to say that we are a Platinum sponsor of the HFA Institute of 2021, supporting the Affordable Housing industry as well as the National Council of State Housing Agencies (NCSHA).

Who is Virginia Housing?

Created in 1972, Virginia aimed to provide Virginians with quality, affordable housing. They provided mortgages for first-time homebuyers and financed apartment communities and neighborhood revitalization efforts. Virginia Housing receives no state taxpayer dollars to fund our programs. Instead, they contributed a significant portion of the net revenues each year to help meet Virginia’s most difficult housing needs.

Kara Nickerson, the Asset Manager at Virginia Housing, states, “Asset management can be defined as the process of monitoring the health of your individual assets and maximizing the collective value of your portfolio.”

How does Virginia Housing use ProLinkHFA?

“Virginia Housing uses ProLinkHFA as our “one-stop” for tracking all asset management activities – physical inspections and full-on financial monitoring. ProLink provides functionality for each step along the way.  We are able to keep related inspection notes and track follow-ups as well as corrective action replies from owners and management agents, all in one spot.” says Kara.

What else does ProLinkHFA do?

Kara continues, “Asset Management activities and functions are only a link in the chain of Virginia Housing’s use of ProLink in an integrated way.  Multifamily development and underwriting, capital markets, federal tax credit allocation, tenant compliance, and loan servicing work are all represented.  This all sums to the advantage of ProLinkHFA as a beginning to end, usable system.  We couldn’t turn back to a steppe process now that ProLinkHFA has paved the way and added lots of efficiency!  It’s very valuable to our operation.”

Learn About the NOFA Process Through Procorem with OHCS

Is your housing business drowning in a sea of paper? For so many years, businesses all around the world have had to use endless amounts of paper to share within the company… Procorem can help you and every individual in your business lessen the paper by sharing files as easy as the click of a button. Let ProLink Solutions introduce you to the NOFA Process through Procorem. Oregon Housing and Community Services (OHCS), began using Procorem to ease the difficulty of sharing files. Before OHCS began using Procorem, they had to utilize multiple hardcopies, including electronic copies. You can guess that this would make the process of a business extensive.

All project developers are allowed access to the work center, making matters straightforward. At Prolink Solutions, we work to solve the problem of affordable housing. Procorem helps with the issues of sharing files and managing data, not only does this help our agencies but also our agencies customers. We have thousands of developers logging into Procorem everyday like OHCS. Like OHCS, our customers use Procorem in many different ways creating an easy work center for anyone and everyone who uses our software.

There are three steps to Oregon’s NOFA Process:

  1. Pre-Application
  2. Full Application
  3. Production

For the Pre-Application process Procorem segments the process, creating simple communication and connection. Full application is the process of the segments in detail. Production is the final details of the segments.

At Prolink, we believe in the power of connecting all affordable housing participants, and in doing so, sharing better and reliable information. If you are looking for a trust-worthy and easy process, with all explanation, Procorem is made for you. If you would like to hear more on any of these topics we have shared above, please watch the video below.

 

To learn more, watch our video below! Take a look at our website.

No More Treasure Hunts: The Value of a Centralized Database

Treasure hunts sure were fun as a kid. Whether your parents sent you looking for buried boxes of gold with coffee-stained clues, or you were decked out in pastels and on the prowl for Easter eggs, your younger self was filled with a sense of adventure. Sure, you secretly wondered if you’d ever find the prize, but the rush of glory once you did was always worth it.

Treasure hunts at work, however, have less luster. When you’re on a deadline and can’t find information you need, it is not adventure you feel—it’s stress and frustration. That’s why you need a centralized database, which has a lot of benefits to offer your organization. Let’s go over some of the ones you’d see immediately.

Real-time Access & Up-to-date Information
When you have a single database into which information is recorded, you don’t have to wonder whether or not someone has plugged in their data from another source. And if the system is worth its salt, it will also show you when each record was last edited—and by whom. This gives you the freedom of knowing you’re always using the most up-to-date information available.

Reporting Capabilities
When all your data is stored in a single place, it makes reporting easier and faster. Even better, it gives you more versatile reporting options, since you can include any piece of information or any data point. You’re no longer limited by what is recorded in each system—you can pull anything you need. If your database is structured correctly, your ability to access information is nearly limitless.

Efficiency
Once your data is all in one spot, it eliminates your need to hunt through multiple systems and spreadsheets for the record you need. (How many hours would you save right there?) It also increases your organization’s efficiency by requiring data to be input only once—instead of multiple times across different systems. That means time formerly spent on a tedious task can now be used for something else, making the organization more productive.

While no one’s saying you shouldn’t channel your inner pirate or Indiana Jones, work isn’t the best place to do it. Instead, store all your golden data in a single treasure chest, so when you need information you know for certain which X marks the spot.

Getting At Your Data with ProLink Solutions

eBook
ProLink Solutions, as an industry leader in affordable housing, serves our customers and the overall industry by continually adapting—applying and translating changes in the market and federal regulations to technology. In doing so, we keep our software products up-to-date and relevant to our customer base as well as the industry overall.

COVID-19 Essentials: Guide for Applying Regulatory Changes in HOME, CDBG, and LIHTC with ProLinkHFA Product Suite

eBook
ProLink Solutions, as an industry leader in affordable housing, serves our customers and the overall industry by continually adapting—applying and translating changes in the market and federal regulations to technology. In doing so, we keep…

Quickly Adapt to Changes

ProLink Solutions, as an industry leader in affordable housing, serves our customers and the overall industry by continually adapting—applying and translating changes in the market and federal regulations to technology. In doing so, we keep…

Virginia Housing Development Authority Case Study

ProLink Solutions, as an industry leader in affordable housing, serves our customers and the overall industry by continually adapting—applying and translating changes in the market and federal regulations to technology. In doing so, we keep…