FHFA Strategic Plan for 2018-2022 Directs GSEs to Work with HFAs
The Federal Housing Finance Agency (FHFA) earlier today released its final Strategic Plan for 2018-2022. The plan outlines FHFA’s goals and priorities for overseeing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs).
The plan outlines three major performance goals: ensuring safe and sound regulated entities; ensuring a liquid, stable, and accessible housing finance market; and managing the enterprises’ ongoing conservatorship.
The plan includes several steps that FHFA plans to undertake to help Fannie Mae, Freddie Mac, and the FHLBs maintain liquidity in the housing finance market. It makes it clear that FHFA views strong participation from state HFAs as necessary toward ensuring a liquid and accessible housing market. FHFA also pledges to work with both Fannie Mae and Freddie Mac to address those barriers that prevent them from working with state HFAs.
Similar language was included in FHFA’s last strategic plan, which applied to 2015-2019, as well as its original proposed Strategic Plan for 2018-2022, which was published last October. NCSHA expressed its strong support for these provisions in its comments on the proposed plan.
FHFA also promises to work with the FHLBs to develop policies that allow for fair and equal participation by all FHLB member institutions.