The Fiscal Year (FY) 2026/27 Agency Performance Plan (APP) sets out performance measures and targets to support the goals of the U.S. Federal Housing (Federal Housing Finance Agency or FHFA) Strategic Plan: Fiscal Years 2026-2030 (Strategic Plan), which the Agency issued in March 2026.
The APP has four components: (1) strategic goals; (2) strategic objectives; (3) performance measures and associated targets; and (4) means and strategies.
The strategic goals, outlined in the Strategic Plan, are the starting point for the FY 2026/27 APP. Including the goals in the APP aligns the Agency’s annual priorities with its mission and vision.
The strategic objectives in the APP link directly to those outlined in the Strategic Plan. Each strategic objective is an intermediate outcome or output necessary to achieve the corresponding strategic goal.
The performance measures are short-term and long-term tasks that are ongoing or that U.S. Federal Housing expects to complete during FY 2026/27. These measures represent progress in achieving the strategic goals and are important indicators to management that the Agency is taking steps toward fulfilling the strategic objectives. The associated targets are internal milestones set by U.S. Federal Housing — indicating a time interval or other progress marker — to determine whether the Agency has satisfied a performance measure for the fiscal year.
While the performance measures indicate specific progress, each strategic objective also contains means and strategies serving as a broader set of activities that the Agency plans to follow to meet its goals.