This year, ProLink Solutions held an all-virtual conference, ProLink Technology Live 2022. The conference featured a number of guest speakers from all areas of the affordable housing industry and was split into two separate tracks, one for ProLinkHFA (multi-family) and one for ProLink+ (single-family). In total, 20 affordable housing organizations were represented in the audience. Our speaker lineup consisted of 6 employees from ProLink Solutions, as well as 8 industry experts from various affordable housing organizations.

Keynote – Washington Update

We started the conference with a special keynote from Jennifer Schwartz, the Director of Tax and Housing Advocacy at the National Council of State and Housing Agencies (NCSHA). Jennifer provided an update on Washington, and also touched up on a variety of topics including:

• FY 2023 HUD Budget Appropriations
• IRS’ final ruling on Average Income Test (AIT) in October 2022
• The IRS extending the Housing Credit Placed-In-Service and other deadlines at NCSHA’s request.

You can watch the session recording here.

Panel on 8823 Updates and Average Income Test

Kelly Encinias, the HFA Senior Product Manager at ProLink, was joined by several industry experts for a panel discussion on 8823 compliance and AIT final regulations released by IRS in October 2022. As part of this panel discussion, Virginia Housing’s Erica Etterling presented how the AIT final ruling is going to affect Virginia’s Average Income Guidance currently in place, including how property owners’ AIT reporting to the state is going to change.

You can watch the session recording here.

Procorem Use Cases Panel

Ryan Kim, VP of Sales & Marketing at ProLink, was joined by panelists representing different industry roles to discuss  a number of different Procorem use cases. Danny Escuder with Wisconsin Housing and Economic Development Authority (WHEDA) presented how the agency is utilizing Procorem to support the agency’s Multifamily Application submission process.

You can watch the session recording here.

In addition, we had six other software training sessions tailored to ProLinkHFA and ProLink+ products. You can access all session recordings here.

What to Expect from ProLink in the Coming Year

In 2023, ProLink plans to host a brand-new webinar series beginning in February. Subscribe to our newsletter to stay up-to-date with the latest news from ProLink as well as news about the affordable housing industry.

Most states have submitted their Homeowner Assistance Fund (HAF) plans to the U.S. Treasury in August. As of the publication of this blog, various states are engaged in active dialogues with the Treasury regarding their HAF plans. A hot topic of the discussions is the issue of integrating HAF into loss mitigation options that are already in place.

In a recent webinar hosted by the Urban Institute, panelist Stockton Williams, Executive Director of the National Council of State Housing Finance Agencies (NCSHA) explains, “Homeowner Assistance Fund really shouldn’t be seen as a stand-alone thing. It’s really a part of a suite of tools that are going to be available.” Williams was referring to loss mitigation options that are already available to homeowners who have mortgages with the Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA), or the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.

William Corbett, Senior Advisor at the Treasury, concurs with Stockton’s view. William said, “You have much better and, in some cases, very streamlined federal loss mitigation options that are available to homeowners. That won’t work for every homeowner… There will be some homeowners who will be able to get success from that…and homeowners that might not be able to get success from that. That’s one area where housing counselors can assist.” You can find a recording of the webinar on the Urban Institute’s website here.

At the upcoming industry event, ProLink Technology Live 2021, ProLink Solutions is hosting a panel with industry experts to discuss the latest HAF implementation issues including loss mitigation. The event is free and is open to all public agencies.

All session and speaker information can be found in the registration site.

Check out the site and register today!