ABSTRACT

Housing Recovery on the Gulf Coast, Phase II: Results of Property Owner Survey in Louisiana, Mississippi, and Texas   [open pdf - 69KB]

"Between August 29 and October 24, 2005, Hurricanes Katrina, Rita, and Wilma caused massive devastation in the Gulf Coast region, damaging more than 1 million housing units across five states. In response to the widespread destruction caused by the hurricanes, Congress appropriated $19.7 billion in supplemental Community Development Block Grant (CDBG) program funds for Gulf Coast disaster recovery. Three states--Louisiana, Mississippi, and Texas--received 99 percent of the supplemental CDBG funds. The states used the funds, in large part, to compensate property owners for their losses and to assist with rebuilding through such programs as Road Home in Louisiana, the Mississippi Development Authority (MDA) Homeowner Assistance Program in Mississippi, and the Homeowner Assistance Program in Texas. [...] This report is the second of two prepared for a study of the uses of Community Development Block Grant (CDBG) disaster assistance funds for housing recovery after Hurricanes Katrina and Rita in Louisiana, Mississippi, and Texas. The report presents the findings of a survey of 722 owners of owner-occupied and small rental residential properties that suffered major or severe damage from the 2005 hurricanes and were located on blocks significantly affected by the hurricanes. The survey sample includes 345 owners who received CDBG funds for rebuilding or as compensation for hurricane damage and 377 owners who did not receive CDBG funds. The survey provides owner-reported information on the condition of these properties prior to the hurricanes and as of early 2011, on the type and extent of damage caused by the hurricanes, on changes in ownership since 2005, and on the reasons why some owners rebuilt and others did not. The information presented in this report supplements information provided in the Phase I report, which analyzed the effects of CDBG receipt on rebuilding for a much larger sample of properties but did not include the information on owner characteristics, property characteristics, and sources of funding (other than CDBG)."

Author:
Publisher:
Date:
2011-08
Copyright:
Public Domain
Retrieved From:
U.S. Department of Housing and Urban Development: https://www.huduser.gov
Format:
pdf
Media Type:
application/pdf
URL:
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