ProLinkHFA

ProLinkHFA is a cloud-based solution designed to simplify the complexities in providing affordable housing to qualified tenants across the nation. According to the vendor, this software is specifically tailored for state and local housing finance agencies, catering to professionals in the housing finance, affordable housing program management, real estate development, property management, and compliance sectors. ProLinkHFA aims to streamline the entire process of financing, tax credit allocation, tax-exempt bonds, and asset management for affordable housing programs.

Key Features

Cloud-Based Application Intake: According to the vendor, ProLinkHFA offers a funding application intake process through Procorem WorkCenters, allowing for efficient allocation and tracking of financing commitments. The software enables the capture of underwriting assumptions via SmartDox and facilitates the management of the deal closing process. Additionally, it provides a dedicated portal for general contractors to oversee construction progress, allowing for real-time pipeline reporting.

Tax Credit Allocation: ProLinkHFA includes a 9% and 4% Tax Credit Application Portal, which, according to the vendor, streamlines the tax credit application process. The software aims to efficiently distribute and award tax credits while effectively managing the entire tax credit allocation cycle.

Tax-Exempt Bonds: The vendor states that ProLinkHFA offers streamlined funding application intake through Procorem WorkCenters, facilitating the structure of new bond issuance. The software allows for the tracking and monitoring of detailed bond information, enabling proactive management of bond performance. Additionally, it offers the ability to trigger workflows based on default, acceleration, termination, modification, and other events.

Asset Management & Compliance: ProLinkHFA provides real-time portfolio risk assessment, according to the vendor, to mitigate potential issues. The software allows for the capture of property financials data and leverages analytics for comprehensive insights. It also ensures compliance with various federal and state programs and generates portfolio performance reports and dashboards for informed decision-making.