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Loss Mitigation, a Hot Topic with the Treasury

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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!

Announcing ProLink Technology Live 2021!

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ProLink Solutions is opening our annual user conference to all public agencies nationwide this year. Join ProLink Technology Live 2021 on November 9 and 10. It’s a two-day virtual event with multiple tracks:

  • Track 1 – ProLinkHFA Multifamily is a 2-day track filled with software training as well as an 8823 Compliance panel made up of industry experts. Open to all public agencies.
  • Track 2 – ProLink+ HAF is a single day track (November 9) focused on Homeowner Assistance Fund implementation. Open to all public agencies.
  • Track 3 – ProLinkAIM is a single day track (November 10) and open only to ProLinkAIM users in the LIHTC syndication and investment space.

On November 9 at 11AM Eastern, we will kick off the conference with a special keynote speaker Jennifer Schwartz, Director of Tax and Housing Advocacy with the National Council of State Housing Agencies (NCSHA), to provide affordable housing industry updates from Washington!

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

The event is free. Check out the site and register today!

Tackling the Digital Divide in Urban and Rural Colorado

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Five percent of Colorado’s K-12 students lack access to affordable and reliable internet at home according to the study published by Colorado Futures Center (Access the full report here: https://www.coloradofuturescsu.org/wp-content/uploads/2020/08/colorado-remote-learning-impact-region-final.pdf). Housing Colorado, a non-profit organization in Colorado with a mission of promoting the preservation and production of quality affordable housing statewide, is hosting a webinar on September 21 to address the issue of the digital divide in urban and rural Colorado.

Ryan Kim, ProLink Solutions’ Director of Product Marketing, will be moderating the panel with two speakers, Jesse Burne with Denver Housing Authority and Josh Wehe with Jade Communications. “Since the COVID-19 pandemic began last year, many of us conduct our day-to-day business virtually and take our access to high-speed internet for granted. Imagine if you or your kids didn’t have access to internet. How would you effectively compete whether at work or at school?” says Ryan.

In the webinar, the panelists will share their success stories in filling the digital gap. Denver Housing Authority has run a program called ConnectHome Denver, which tackles the issue in the urban area by creating local partnerships encompassing government agencies and multiple Internet Service Providers (ISP). Jesse Burne, Strategic Initiatives Manager with the Housing Authority, will tell the story. Josh Wehe, Operations Director with Jade Communications, a smaller ISP in Southern Colorado, will provide a rural counterpart presentation. Jade Communications has assisted half a dozen school districts in low-income communities in the San Luis Valley region.

The webinar is scheduled for September 21 at 1 p.m. Mountain Time. Register here:
https://www.housingcolorado.org/events/EventDetails.aspx?id=1548714&group=#