Weather Alert  

"Coastal Flood Warning" ...Coastal Flood Warning now in effect from 7 PM to 11 PM EST Monday... * locations...low lying areas along western Long Island Sound. * Tidal departures...3 1/2 to 4 1/2 ft above astronomical tides in the evening. * Timing...moderate coastal flooding around the times of astronomical high tide...between 7 PM and 11 PM. * Coastal flood impacts...potential for widespread flooding of vulnerable shore roads and adjacent properties due to height of storm tide and wave action. Inundation of 1 to 2 ft in the lowest lying spots. Road closures may be needed. Isolated structural damage may be observed along the immediate shoreline. * Shoreline impacts...elevated water levels in combination with 3 to 5 ft of surf are expected to cause beach erosion and splashover along the shoreline Monday evening. Precautionary/preparedness actions... A coastal Flood Warning means that flooding is expected or occurring. Coastal residents in the warned area should be alert for rising water...and take appropriate action to protect life and property. ...Western l.I. Sound water levels for Monday evening... Coastal............time of......forecast total......flood..... Location...........high Tide.....Water level........category.. ...................................(Mllw/mhhw)................ Kings Point NY.......859 PM....10.6-11.1/2.8-3.3.....Min-mod.. Stamford CT..........821 PM....10.0-10.5/2.2-2.7.....Minor.... Bridgeport CT........818 PM.....9.5-10.0/2.2-2.7.....Minor.... New Haven CT.........817 PM......8.9-9.6/2.2-2.7.....Minor.... Old Field NY.........820 PM......9.3-9.8/2.0-2.5.....Min-mod.. Glen Cove NY.........900 PM....10.2-10.7/2.3-2.8.....Min-mod.. , "High Wind Warning" ...High Wind Warning remains in effect from 1 am Monday to 1 am EST Tuesday... * winds...northeast 30 to 40 mph with gusts 60 to 70 mph. * Timing...winds could begin gusting as high as 45 mph just before daybreak Monday. The strongest winds are expected Monday afternoon and evening. * High wind impacts...damaging winds will blow down trees and power lines. Numerous power outages are expected. Travel will be difficult...especially for high profile vehicles and on elevated roadway and bridges. Precautionary/preparedness actions... A High Wind Warning means a hazardous high wind event is expected or occurring. Sustained wind speeds of at least 40 mph or gusts of 58 mph or more can lead to property damage. , "Storm Warning" ...Storm Warning remains in effect from 1 am Monday to 1 am EST Tuesday... * winds and seas...northeast winds 25 to 35 kt with gusts up to 60 kt. Seas 6 to 10 feet. Precautionary/preparedness actions... A Storm Warning means sustained winds or frequent gusts of 48 to 63 kt are expected or occurring. Recreational boaters should remain in port...or take shelter until winds and waves subside. Commercial vessels should prepare for very strong winds and dangerous sea conditions...and consider remaining in port or taking shelter in port until winds and waves subside. -- Monday Jan.23 17,03:24 AM

Foreclosed Houses Converted for First-Time Home Buyers in Nassau

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

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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.
 
 
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