The Federal Housing Finance Agency (FHFA) has issued its annual performance plan (APP) for 2021. The plan focuses on four components: strategic goals, strategic objectives, performance measures and associated targets, and means and strategies to accomplish the performance goals.
The APP sets out performance measures in support of the goals in the strategic plan issued October 2020.
“The strategic goals, which are outlined in the strategic plan, are the starting point for the FY 2021 APP,” the agency stated in a release. “The nexus between the strategic plan and the APP helps to ensure that FHFA priorities are integrated with the agency’s mission.”
Goals include ensuring safe and sound regulated entities through world-class supervision; fostering competitive, liquid, efficient and resilient national housing finance markets; and positioning the agency as a model of operational excellence by strengthening the workforce and infrastructure. The APP provides objectives for each of these goals, and quantifiable measurements for each objective, including data validation and verification.