Current:Home > InvestTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Edge Finance Strategies
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-13 13:52:10
NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Lee says counties severely impacted by Hurricane Helene will soon be able to access a new $100 million loan program designed to help clear debris and repair damaged water systems.
Lee announced the program, dubbed the Helene Emergency Assistance Loan or HEAL program, on Thursday. The Republican says the no-interest loans will go toward communities while they wait for federal reimbursements.
“Federal dollars will be available later, but these communities need immediate relief,” Lee said in a statement. “Tennessee’s record of fiscal conservatism has placed us in a strong financial position to make government work for the people and step up to help in this time of need.”
Lee says the idea was inspired following his meeting with a local county mayor in East Tennessee just days after Hurricane Helene ravaged multiple southern states. During that conversation, Lee said the mayor was concerned about not making payroll while paying for clean-up costs.
The program will be divided by allocating $35 million for water and wastewater repairs and $65 million for debris removal. The state funding is being pulled from Tennessee’s Medicaid program, known as TennCare. Lee said these dollars are supposed to assist health and welfare, which is what the loan program is designed to do.
Counties eligible for assistance include Carter, Claiborne, Cocke, Grainger, Greene, Hamblen, Hawkins, Jefferson, Johnson, Sevier, Sullivan, Unicoi and Washington.
Tennessee has reported 17 deaths are a result of Hurricane Helene’s rampage throughout the state, but a few residents remain missing. Numerous bridges and roads remain damaged as cleanup efforts continue.
veryGood! (1)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Viral Australian Olympic breakdancer Raygun responds to 'devastating' criticism
- The Beats x Kim Kardashian Limited Edition Headphones With 40-Hour Battery Life Are Selling Out Fast!
- David Hasselhoff Is a Grandpa, Daughter Taylor Welcomes First Baby With Madison Fiore
- Intel's stock did something it hasn't done since 2022
- Democrats try to block Green Party from presidential ballot in Wisconsin, citing legal issues
- 'Love Island UK' stars Molly-Mae Hague, Tommy Fury announce split after 5 years
- Budget-Friendly Dorm Room Decor: Stylish Ideas Starting at $11
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Detroit judge orders sleepy teenage girl on field trip to be handcuffed, threatens jail
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- NASA still hasn't decided the best way to get the Starliner crew home: 'We've got time'
- Usher concert postponed hours before tour opener in Atlanta
- Jordan Chiles, two Romanians were let down by FIG in gymnastics saga, CAS decision states
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Julianne Hough Shares She Was Sexually Abused at Age 4
- What Conservation Coalitions Have Learned from an Aspen Tree
- Wisconsin man convicted in killings of 3 men near a quarry
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
'Unique and eternal:' Iconic Cuban singer Celia Cruz is first Afro-Latina on a US quarter
Matthew Perry's Assistant Repeatedly Injected Actor With Ketamine the Day He Died, Prosecutors Allege
NASA Shares Update on Astronauts Stuck Indefinitely in Space
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
TikToker Nicole Renard Warren Claps Back Over Viral Firework Display at Baby’s Sex Reveal
Alabama Supreme Court authorizes third nitrogen gas execution
Kaley Cuoco and Tom Pelphrey announce engagement with new photos