Governor Bob McDonnell announced that 24 projects across the commonwealth will receive funding from Community Development Block Grants. The grants will be used for downtown and economic revitalization, broadband deployment, health care, and improved housing and wastewater treatment. The awards range from $200,000 to $1,400,000, with some projects eligible for more funding down the road.

According to a press release from the governor's office, many of the projects are targeted for the prevention or elimination of blighting conditions. That's good news for local homeowners, who may see an increase in home values due to the improvements.

Read the press release and a full list of the grants....