(RECAP: Freddie Mac joined Fannie Mae Thursday morning in announcing that it would need funds from the Treasury thanks to accounting losses prompted by the new tax law. The bailed-out government-sponsored enterprise told investors that it lost $3.3 billion in the fourth quarter of 2017, driven by $5.4 billion in accounting losses due to the tax changes signed by President Trump in December. Because the losses exceeded the company’s net worth, it needs $312 million from the Treasury.)

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(RECAP: The Affordable Housing Summit held at Gloucester’s Daffodil Gardens on Feb. 1 revealed troubling trends as it relates to the Middle Peninsula and Northern Neck. Though we are a decade removed from the market crash of 2008, a lack of economic opportunities still affects this region. The summit was co-sponsored by Bay Transit and Housing Virginia and sought to identify trends and generate dialogue related to access to affordable housing in Gloucester, Mathews and the Northern Neck.)

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(RECAP: Project:HOMES, funded by public and private grants and donations, has been helping homeowners improve homes since 1992 through its home rehabilitation, weatherization and wheelchair ramp installation programs. The organization’s neighborhood revitalization program takes home rehab a step further — focusing on improving neighborhoods through preserving and building affordable homes.)

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