Va. awarded $9.4M to buy, rehab foreclosed homes

The U.S. Department of Housing and Urban Development's Neighborhood Stabilization Program has awarded $9.4 million in grants to buy and rehabilitate about 85 foreclosed homes in two dozen neighborhoods in Virginia.

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Gov. Timothy M. Kaine said Monday the homes will be made available for sale to low, moderate and middle income families.

The grants include: Catholics for Housing in Prince William County, $1.5 million; Chesapeake, $1.5 million; Chesterfield County, $500,000; Culpeper, $1.2 million, Fauquier County, $1.5 million; Franklin, $400,000; Lynchburg Neighborhood Development Foundation, $1 million; Pathways in Petersburg, $600,000; and Virginia Beach Community Development Corporation, $1.2 million.