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"Wind Advisory" ...Wind Advisory in effect until 2 am EDT Thursday... The National Weather Service in New York has issued a Wind Advisory...which is in effect until 2 am EDT Thursday. * Locations...coastal Connecticut from New Haven east...and all of Suffolk County Long Island. * Hazards...strong winds. * Winds...north 25 to 30 mph with gusts up to 45 mph. * Timing...until 2 am. * Impacts...strong northerly winds may down power lines and a few trees...and make driving difficult on elevated roadways and bridges. Precautionary/preparedness actions... A Wind Advisory is issued when sustained winds of 31 to 39 mph... or gusts of 46 to 57 mph...are expected or occurring. Winds this strong can make driving difficult...especially for high profile vehicles. Use extra caution. , "Special Statement" ...Strong thunderstorms will impact Suffolk and eastern Nassau counties... At 916 PM EDT...National Weather Service Doppler radar was tracking strong thunderstorms along a line extending from 9 miles south of Branford to Center Moriches to Shinnecock Hills to East Hampton...and moving west at 50 mph. People in Suffolk and eastern Nassau counties...including Westhampton...Bridgehampton...East Hampton...Shinnecock Hills...Mastic Beach...Manorville...Davis Park...Center Moriches...Sag Harbor and Riverhead...should monitor the weather situation closely. Listen for possible warnings and be prepared to take appropriate action should severe weather threaten. Gusty winds up to 50 mph are expected with these storms. In addition...very heavy rain...with rainfall rates of up to one to one and one half inches an occurring with these storms. This could cause ponding of water on roadways... and minor flooding of poor drainage areas. Lightning is one of natures number one killers. Remember...if you can hear are close enough to be struck by lightning. Move to safe shelter immediately. Lat...Lon 4066 7304 4058 7363 4087 7374 4085 7366 4090 7349 4095 7349 4091 7321 4098 7312 4099 7265 4119 7220 4118 7218 4113 7232 4112 7233 4102 7212 4113 7213 4113 7212 4111 7208 4100 7210 4105 7199 4103 7194 Maloit -- Wednesday Oct.22 14,09:36 PM Weather  |  LIRR  |  Traffic  |  Traffic Cams |  Weather News


Foreclosed Houses Converted for First-Time Home Buyers in Nassau

Local News, Home & Garden

The federally-funded Neighborhood Stabilization Plan is expected to reclaim neighborhoods by transforming foreclosed homes and maintaining property values.

A new program with federal funding is rehabilitating foreclosed houses in Nassau County.  The goal of the Neighborhood Stabilization Program is to help first-time home buyers take over otherwise abandoned homes is various “target” neighborhoods, including Elmont, Valley Stream, North Valley Stream, Freeport, Roosevelt and Uniondale.

The County purchased 30 foreclosed homes as part of the first round of the program.  So far, 17 homes have been sold to first-time home buyers, and another 13 are in various stages of development and are being readied for contracts.
County Executive Ed Mangano summarized the program: “With the use of Federal dollars, this program reclaims foreclosed homes, assists first-time homebuyers and helps stabilize residential neighborhoods by maintain home values. It’s a win-win for Nassau County.”
Eligibility is based on more than just first-time buyer status.  According to the Federal Housing and Urban Development program guidelines, eligible buyers can make up to 120% of the area median income, and a family of four can earn up to $129,000 to qualify.  Funding for the program is authorized under the American Recovery and Reinvestment Act of 2009 which provides grants to state and local governments, as well as various non-profit organizations on a competitive basis.
The program stipulates that once renovated, the homes cannot be sold above the appraised value.  Homebuyers may receive up to $40,000 of assistance through a subsidy that comes from the state’s Affordable Housing Corporation.  For that subsidy, depending on the level of subsidy, eligible applicants must live in the home for up to 15 years and qualify for a fixed rate mortgage.
Share your thoughts on this article by posting a comment below or by visiting our Long Island Living discussion forum.  


Menial Man Jan 23rd, 2013 11:31 AM

I cant deicde whether or not I think this is a good idea. Sure its making use of what we have, but certainly a better quality house is in need for most? Inspectiomns better be good.

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