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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
Journal
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FHFA RELEASES
STRATEGIC PLAN
FOR 2022-2026
e Federal Housing Finance Agency
(FHFA) has released a draft of its strategic
plan for 2022-2026 and is requesting input on
the plan from the general public.
e plan is meant to be a "transparent
roadmap" that will guide the agency in its role
as regulator of the Federal Home Loan Bank
System and as regulator and conservator of
Fannie Mae and Freddie Mac.
According to the draft, the FHFA
Strategic Plan names three major objectives
that aim to guide the agency in its business:
to secure the regulated entities' safety and
soundness, foster housing finance markets
that promote equitable access to affordable
and sustainable housing, and to responsibly
steward FHFA's infrastructure.
"is Strategic Plan provides a concise
and transparent roadmap for FHFA," FHFA
Acting Director Sandra L. ompson said.
"We will promote sustainable and equitable
access to mortgage credit nationwide and
protect the safety and soundness of the
U.S. housing finance system. We will also
foster a high-performing work culture that
exemplifies the Agency's values—while
holding ourselves to the same standards of
performance and accomplishment that we
demand of our regulated entities."
e plan also names a number of
challenges the agency is keeping tabs on that
may hinder its mission in the future. Among
them are the continuing challenges of the
COVID-19 pandemic, a changing interest
rate environment, supply-side constraints
affecting housing affordability, and persistent
climate change.
e FHFA was established in 2008
as a result of the Housing and Economic
Recovery Act of 2008 (HERA) with the
mission of operating in a safe and sound
manner so that they serve as a reliable source
of liquidity and funding for housing finance
and community investment throughout the
economic cycle.
