Current:Home > FinanceTennessee to launch $100M loan program to help with Hurricane Helene cleanup -MoneyMatrix
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-15 03:19:14
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! (71159)
Related
- Don't let hackers fool you with a 'scam
- Chief financial prosecutor says investigation into Paris Olympics did not uncover serious corruption
- Zillow Gone Wild coming to HGTV with new show inspired by popular Instagram account
- Lidcoin: a16z plans to advance US Crypto legislation
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Simanic returns to Serbia with World Cup silver medal winners hoping to play basketball again
- Poccoin: Blockchain Technology is the Core of the Metaverse and Web 3 Development
- Jim Trotter alleges NFL racial discrimination. His claims are huge problem for the league.
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- ‘Just Ken’ no more? Barbie sidekick among 12 finalists for National Toy Hall of Fame
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Higher investment means Hyundai could get $2.1 billion in aid to make electric cars in Georgia
- Lidcoin: 37 South Korean listed companies hold over $300 million in Cryptocurrencies in total
- China upgrades relationship with Venezuela to ‘all weather’ partnership
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Simon Cowell dubs Golden Buzzer dance crew Chibi Unity 'one of the best acts' on 'AGT'
- Land mines explode along Lebanon-Syria border wounding 3 Syrians trying to illegally enter Lebanon
- Escaped murderer Danelo Cavalcante has been arrested, Pennsylvania police say
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Higher gas prices likely pushed up inflation in August, though other costs probably slowed
Man already charged in killing has also been indicted in a Lyft driver’s slaying
Taliban hail China’s new ambassador with fanfare, say it’s a sign for others to establish relations
Woman dies after Singapore family of 3 gets into accident in Taiwan
Reward up to $30K for homicide suspect who escaped from hospital
Robert Saleh commits to Zach Wilson after Aaron Rodgers injury, says team can still win
Neil deGrasse Tyson brings journey through time and space to Earth in latest book