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Insight into the U.S. Treasury Update for Homeowner Assistance Fund (HAF) Allocation

Editor’s Note: This post was originally published in June 2021 and has been last updated on November 3, 2021 for accuracy.

Last week, the U.S. Department of the Treasury announced a new deadline for a Tribe, Tribally Designated Housing Entity (TDHE), or the Department of Hawaiian Home Lands to submit a notice of funds request to be extended to November 15, 2021.

For state agencies, in August the Treasury announced a new deadline of August 20th by which they were required to submit the Homeowner Assistance Fund (HAF) plan or notify the Treasury of the date they planned to submit a completed plan. The Treasury has provided an online portal where state agencies can upload their plans.

This notice is the latest of the series of HAF Plan submission deadline extensions the Treasury has allowed since June. In their late July announcement, the Treasury indicated that the deadline will be extended beyond July 31st but left it open-ended. With this latest update, state agencies are closing all loose ends on their HAF plans and preparing for the complete plan submissions. As noted by the Treasury, state agencies can choose not to submit the plan but notify the Treasury the date by which their plans will be submitted.

State agencies are busy analyzing available emergency fund deployment software solutions, and ancillary services from call service providers, loan processors, underwriters, and file audit and compliance processors. ProLink offers all services required for many states and we have been providing national webinars to apprise states of the software and services we can provide to assist in the administration of their HAF plans.

 

About the Homeowner Assistance Fund

The Homeowner Assistance Fund provides $9.961 billion in assistance nationally related to mortgages and housing, including:

  • A minimum of $50 million for each state, the District of Columbia and Puerto Rico
  • $498 million for Tribes or Tribally designated housing entities and the Department of Hawaiian Home Lands
  • $30 million for the territories of Guam, American Samoa, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands

You can read more about it on the U.S. Treasury website.

Easy-to-Sign Hardship Affidavit with DocuSign

The DocuSign eSignature integration into ProLink+ has made the Homeowner Assistance Fund (HAF) application process even easier for the homeowners. For agencies, it minimizes risk for fraud where applicants might misrepresent their personal information.

As the last step before submitting the application, each applicant is required to digitally sign the Hardship Affidavit form. Once the form is signed by all parties, the application is submitted to the agency. Agency staff then processes the submitted application in the back-office system, which ultimately leads to providing mortgage payments to the loan servicer, if the application meets all required funding criteria.

We invite you to watch our video about this exciting DocuSign integration below:

Live Demo

We are also hosting a webinar via Zoom on August 18 at 1PM ET, where we will be performing a live demo of ProLink+. Come by and see what ProLink+ can do for you in managing your HAF program.

Click here to sign up for our webinar on August 18 and reserve your spot today!

ProLink+ Integrated with DocuSign and Amazon QuickSight

We’re pleased to announce that our Homeowner Assistance Fund (HAF) deployment solution, ProLink+, has received some exciting new integrations with DocuSign and Amazon QuickSight. DocuSign eSignature enhances and simplifies the experience for homeowners applying for assistance, while Amazon QuickSight provides agency staff with a real-time, customizable analytical dashboard.

We invite you to watch our video about these changes, which was featured this year in NCSHA’s Housing Credit Connect 2021, below:

Live Demo

We are also hosting a webinar via Zoom on July 14 at 1PM ET, where we will be performing a live demo of ProLink+. Come by and see what ProLink+ can do for you in managing your HAF program.

Click here to sign up for our webinar on July 14 and reserve your spot today!