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:2025-04-21 03:43:45
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! (162)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Retired and still paying a mortgage? You may want to reconsider
- Cause of crash that killed NY couple at Niagara Falls border crossing still a mystery 8 months later
- Puerto Rico bans discrimination against those who wear Afros and other hairstyles on diverse island
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Surprise Yellowstone geyser eruption highlights little known hazard at popular park
- Prince William's Royally Shocking 2023 Salary Revealed
- Timothée Chalamet’s Transformation Into Bob Dylan in Biopic Trailer Is Anything But a Simple Twist
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Inmate van escape trial starts for Tennessee man facing sexual assault allegations
Ranking
- New data highlights 'achievement gap' for students in the US
- Tarek El Moussa addresses Christina Hall's divorce news: 'We're here to help'
- Third man pleads guilty in connection with threats and vandalism targeting New Hampshire journalists
- Wisconsin agrees to drop ban on carrying firearms while fishing following challenge
- DoorDash steps up driver ID checks after traffic safety complaints
- How does rugby sevens work? Rules, common terms and top players for 2024 Paris Olympics
- Vance's 'childless cat ladies' comment sparks uproar from Swift fans: 'Armageddon is coming'
- Powerhouse Fiji dominates U.S. in rugby sevens to lead Pool C. Team USA is in 3rd
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Comic Con 2024: What to expect as the convention returns to San Diego
Pentagon panel to review Medals of Honor given to soldiers at the Wounded Knee massacre
Rookies Caitlin Clark, Angel Reese have WNBA's top two selling jerseys amid record sales
Bodycam footage shows high
Woman dies in West Virginia’s second reported coal mining fatality of 2024
Administrative judge says discipline case against high-ranking NYPD official should be dropped
SpongeBob SquarePants is autistic, according to voice actor Tom Kenny: 'That's his superpower'