Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -GrowthSphere Strategies
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-15 03:04:00
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! (41)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Climate Activists Converge on Washington With a Gift and a Warning for Biden and World Leaders
- Photos: Native American Pipeline Protest Brings National Attention to N.D. Standoff
- 5 Ways Trump’s Clean Power Rollback Strips Away Health, Climate Protections
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- 22 Father's Day Gift Ideas for the TV & Movie-Obsessed Dad
- Supreme Court takes up case over gun ban for those under domestic violence restraining orders
- Dakota Pipeline Fight Is Sioux Tribe’s Cry For Justice
- DoorDash steps up driver ID checks after traffic safety complaints
- Transcript: Former Vice President Mike Pence on Face the Nation, July 2, 2023
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Native American Tribe Gets Federal Funds to Flee Rising Seas
- With an All-Hands-on-Deck International Summit, Biden Signals the US is Ready to Lead the World on Climate
- This Is the Only Lip Product You Need in Your Bag This Summer
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- New Details About Kim Cattrall’s And Just Like That Scene Revealed
- Fox News agrees to pay $12 million to settle lawsuits from former producer Abby Grossberg
- New Details Revealed About Wild 'N Out Star Jacky Oh's Final Moments
Recommendation
A South Texas lawmaker’s 15
Has the Ascend Nylon Plant in Florida Cut Its Greenhouse Gas Emissions, as Promised? A Customer Wants to Know
How Much Damage are Trump’s Solar Tariffs Doing to the U.S. Industry?
War on NOAA? A Climate Denier’s Arrival Raises Fears the Agency’s Climate Mission Is Under Attack
Meta donates $1 million to Trump’s inauguration fund
New Details Revealed About Wild 'N Out Star Jacky Oh's Final Moments
Inside the RHONJ Reunion Fight Between Teresa Giudice, Melissa Gorga That Nearly Broke Andy Cohen
Jackie Miller James' Sister Shares Update After Influencer's Aneurysm Rupture