FHFA Proposed Strategic Plan for 2018-2022 Would Direct GSEs to Work with HFAs

The Federal Housing Finance Agency (FHFA) earlier today released its proposed Strategic Plan for Fiscal Years 2018-2022. The plan outlines FHFA’s goals and priorities for overseeing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs).

The proposal identifies 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 would undertake to help Fannie Mae, Freddie Mac, and the FHLBs maintain liquidity in the housing finance market. Notably, FHFA 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 was for fiscal years 2015-2019.

FHFA also makes it clear that it views strong participation from state HFAs as necessary toward ensuring a liquid and accessible housing market. FHFA also promises to work with the FHLBs to develop policies that allow for fair and equal participation by all FHLB member institutions.

FHFA is seeking stakeholder input on the Strategic Plan until October 27. NCSHA is likely to submit comments on behalf of all state HFAs. If you have any input you would like NCSHA to consider when developing its comments, please email Greg Zagorski by Friday, October 20.

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