Gulf Coast Relief

According to FoxNews.com, President Bush's proposal of a tax package for the Gulf Coast region is currently being decided on in Senate. The tax package proposes special tax breaks for many businesses, the creating of low-income housing, and the restoration of historical buildings. This proposal is meant to spur on economic growth and expansion after the devastating effects of Hurricane Katrina. Will this special tax break bring out about the incentives needed to help rebuild the Louisiana area? How long will this tax be needed to help rebuild and will people be able to actually rebuild and want to live in the area again?
In addition to this, the Federal Housing Administration is creating a program in which they will pay for up to 20,000 mortgages for a year for those who suffered from the hurricanes this year. The purpose of this is meant to draw people back into their homes, especially those that are living so far away. Although families have an incentive to move back, they may not have any source of income due to damage of many businesses. The money to pay for these mortgages would come from the FHA insurance paid premiums, not from taxpayers. Would this help rebuild the economy in the South?