Current:Home > MyTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Elite Financial Minds
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-13 00:57:48
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! (66)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Why Remote Work Might Not Revolutionize Where We Work
- China conducting military drills near Taiwan, says they serve as a stern warning
- Check Out The First 3D-Printed Steel Bridge Recently Unveiled In Europe
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- There's A Way You Can Beat The Best Investors. You've Just Got To Know When To Sell
- In Ukraine's strategic rail town of Kupyansk, there's defiance, but creeping fear of a new Russian occupation
- In Ukraine's strategic rail town of Kupyansk, there's defiance, but creeping fear of a new Russian occupation
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Internet Outage That Crashed Dozens Of Websites Caused By Software Update
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Matthew Mazzotta: How Can We Redesign Overlooked Spaces To Better Serve The Public?
- Several killed in Palestinian terror attacks in West Bank and Tel Aviv, as Israel strikes Hamas targets in Lebanon and Gaza
- Amid escalating violence, 3 rockets launched at Israel from Syria, Israeli military says
- Meta donates $1 million to Trump’s inauguration fund
- California Sues Gaming Giant Activision Blizzard Over Unequal Pay, Sexual Harassment
- A Pharmacist Is Charged With Selling COVID-19 Vaccine Cards For $10 On eBay
- See The Crown's Twist on Prince William and Kate Middleton's College Meeting
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Kris Jenner Is the Ultimate Mother in Meghan Trainor's Must-See Music Video
The Stars of Top Gun Then and Now Will Take Your Breath Away
Remains of Michigan airman killed in World War II's Operation Tidal Wave identified 79 years later
Don't let hackers fool you with a 'scam
Ulta 24-Hour Flash Sale: Take 50% Off Tarte Cosmetics, MAC, Zitsticka, Peach & Lily, and More
A small town on Ireland's coast is eagerly preparing for a Biden visit
Kristen Doute Is Officially Returning to Vanderpump Rules Amid Tom Sandoval Drama