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Abstract

Hurricane Katrina created massive damage to Mississippi's Gulf Coast housing stock. This study shows that the storm's damage compounded a preexisting affordable-housing shortage and that, although recovery is proceeding, it has been uneven and will take at least another three years, with a total estimated cost of more than $4 billion. Access to financing appears to be the single most important obstacle. Immediate pressures to restore the housing stock have taken precedence, but such pressures can conflict with the need to recognize the importance of longer-term mitigation actions.