Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Mastery Money Tools
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-14 00:14:34
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! (47)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Today’s Climate: August 28-29, 2010
- Chef Sylvain Delpique Shares What’s in His Kitchen, Including a $5 Must-Have
- CRISPR gene-editing may boost cancer immunotherapy, new study finds
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- A riding student is shot by her Olympian trainer. Will he be found not guilty by reason of insanity?
- Clean Energy May Backslide in Pennsylvania but Remains Intact in Colorado
- You Didn't See It Coming: Long Celebrity Marriages That Didn't Last
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- I-95 collapse rescue teams find human remains in wreckage of tanker fire disaster in Philadelphia
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Revolve's 65% Off Sale Has $212 Dresses for $34, $15 Tops & More Trendy Summer Looks
- Florida Supreme Court reprimands judge for conduct during Parkland school shooting trial
- China will end its COVID-19 quarantine requirement for incoming passengers
- A South Texas lawmaker’s 15
- For patients with sickle cell disease, fertility care is about reproductive justice
- You Didn't See It Coming: Long Celebrity Marriages That Didn't Last
- Brain Scientists Are Tripping Out Over Psychedelics
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Save Time and Money Between Salon Visits With This Root Touch-Up Spray That Has 8,700+ 5-Star Reviews
Coronavirus FAQ: Is Paxlovid the best treatment? Is it underused in the U.S.?
Natalee Holloway Disappearance Case: Suspect Joran van der Sloot to Be Extradited to the U.S.
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Today’s Climate: August 28-29, 2010
How one artist took on the Sacklers and shook their reputation in the art world
The Twisted Story of How Lori Vallow Ended Up Convicted of Murder