Communities face many challenges following a disaster, including determining where the limited resources for their recovery are to be expended. After the initial "emergency" phase of a disaster response is completed, such as the rescue of those in need, the repair of critical services including water and power, and the restoration of key governmental functions, a community becomes focused on its long-term rebuilding. It is important to understand that there may be multiple funding sources available after a disaster event, but that resources may not be sufficient to undertake all the projects a community may ultimately need for full recovery. A first step for many communities may be to look to existing local comprehensive plans, capital improvement plans, hazard mitigation plans, or other similar documents to identify previously developed project priorities. The process identified in this Recovery Value Tool builds upon those priorities and provides a systematic methodology to evaluate recovery projects for the community. Fundamentally, this tool allows for an evaluation of priorities based upon the impacts of the recent disaster and the physical and community needs that have been caused by the event. Therefore, this process can provide a comprehensive evaluation of the needs, identify the most effective projects for the resources available, and allow for a more holistic combination of resources to accomplish the community's goals. This version of the Long-Term Community Recovery (LTCR) Recovery Value Tool presents a standardized methodology for determining the recovery value of post-disaster reconstruction projects. Prioritizing need, identifying projects to meet the need and determining which projects have the highest recovery value are critical steps to guide a community's long-term recovery from a disaster. The Tool incorporates best practices developed on a number of successful pilot recovery planning initiatives throughout the country. The Tool has been released with expedited review and is intended to meet the immediate needs of the communities impacted by the 2005 hurricane season. It is expected that revisions will be made to this tool as a result of refinement of the Long-Term Community Recovery planning process. The objective of the Recovery Value Tool is to assist in determining a project's value to the long-term recovery of a community from a particular disaster. The Recovery Value Tool will: Define what a Recovery Value is and how it fits into the planning process; Provide an objective assessment of each project's recovery value; Assist in determining implementation priorities; Provide documentation to funding agencies regarding a project's anticipated long-term impact.