SMHA Hurricane
Rural Recovery Blog
Ongoing news about SMHA's work to rebuild Louisiana better than before.Hurricane Recovery Blog Archived Posting
Posted Mar 23, 2006 at 5:24 AM
Bourg Proposes National Disaster Recovery Bonds
SMHA President Lorna Bourg urged Congress to establish a National Disaster Recovery Bond program (similar to the war bonds in World War II). This would generate the billions of dollars needed to fund the long-term recovery of homeowners and businesses devastated by Hurricanes Katrina and Rita, as well as victims of future national disasters in other parts of the country.Bourg made this and other recommendations as a panelist at a national roundtable discussion March 7 in Washington, D.C. organized by a U.S. Senate committee. (Click link below for copy of her statement and other recommendations such as using Gulf Coast states to model a true homeownership tax credit to incentivize investment in the rebuilding of tens of thousands of homes.)
Document:
Lourna Bourg's statement to US Senate Committee
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