Hope Housing Act of 2006 - Authorizes the Director of the Federal Emergency Management Agency (FEMA) to place a manufactured home purchased by FEMA between August 1, 2005, and this Act's enactment date in a floodway or costal high hazard area or in a flood plain (without elevating such home up to the base flood level or without complying with specified decision-making processes and mitigation requirements) to house an individual displaced by Hurricane Katrina or Hurricane Rita.
Bars civil actions against the federal government for damages related to the flooding of a home that is the subject of such placement. Requires the Director to provide any person provided such a home with written notice of the potential risks associated with such placement and such limitations on liability.