Program launched to renovate foreclosed homes

About 20 foreclosed homes across Long Island will soon be purchased by Nassau and Suffolk counties and remodeled into affordable housing.

Using federal grant money, Nassau County is buying 10 foreclosed houses, renovating them and selling them to pre-qualified owners, such as Ann Ashmeade. The process, which is called the Neighborhood Stabilization Program, will also renovate homes in Suffolk.

Click 'NEXT' under the video player to see an interview with Nassau County Executive Ed Mangano about the housing program.

Potential homeowners are screened to determine how much they can afford to pay and then the grant pays the rest, with no county taxpayer money being used.

Residents say the renovations are welcome and they're excited to have new neighbors.

For an interview about the first house sold under Nassau's new HUD program, go to channel 612 on your iO digital cable box and select iO Extra.

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