Current:Home > FinanceTennessee to launch $100M loan program to help with Hurricane Helene cleanup -NextFrontier Finance
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-16 14:31:16
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! (7176)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Rosalynn Carter marks 96th birthday at home with the former president, butterflies and ice cream
- Lizzo's dancers thank her for tour experience, 'shattering limitations' amid misconduct lawsuit
- Leading politician says victory for Niger’s coup leaders would be ‘the end of democracy’ in Africa
- 'Most Whopper
- Ukraine claims it has retaken key village from Russians as counteroffensive grinds on
- Isabel Cañas' 'Vampires of El Norte' elegantly navigates a multiplicity of genres
- Idina Menzel is done apologizing for her emotions on new album: 'This is very much who I am'
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'Pretty little problem solvers:' The best back to school gadgets and gear
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- DNA links killing of Maryland hiker to Los Angeles home invasion
- Canadian woman sentenced to nearly 22 years for sending ricin letter to Trump
- Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yields
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Leading politician says victory for Niger’s coup leaders would be ‘the end of democracy’ in Africa
- Succession Actress Crystal Finn Details Attack by Otters
- Suburban Detroit police fatally shoot motorist awakened from sleep inside car
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Lionel Messi 'enjoying the moment' in new stage of career with David Beckham's Inter Miami
Noah Lyles on Usain Bolt's 200-meter record: 'I know that I’m going to break it'
CDC tracking new COVID variant BA.2.86 after highly-mutated strain reported in Michigan
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
After Israeli raids, Palestinian police struggle in militant hotbed, reflecting region on the brink
Another person dies in Atlanta jail that’s under federal investigation
Maui town ravaged by fire will ‘rise again,’ Hawaii governor says of long recovery ahead