Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Excel Money Vision
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-16 00:41:38
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! (969)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Jessica Simpson Celebrates 6 Years of Sobriety With Moving Throwback Message
- Australian woman faces 3 charges of murder after her guests died from eating poisonous mushrooms
- Starbucks holiday menu 2023: Here's what to know about new cups, drinks, coffee, food
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- UAE-based broadcaster censors satiric ‘Last Week Tonight’ over Saudi Arabia and Khashoggi killing
- Lebanon’s militant Hezbollah leader threatens escalation with Israel as its war with Hamas rages on
- Deshaun Watson scheduled to start for Browns at quarterback against Cardinals
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Where Below Deck Sailing Yacht's Daisy Stands With Colin and Gary After Love Triangle
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- California lawmaker Wendy Carrillo arrested on suspicion of drunken driving
- Meg Ryan on what romance means to her — and why her new movie isn't really a rom-com
- Massive storm in Europe drops record-breaking rain and continues deadly trek across Italy
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- LL Cool J and The Roots remix 'Mama Said Knock You Out' for NBA In-Season Tournament
- FTC lawsuit alleges Amazon tried to pull a fast one on consumers with secret price gouging
- Search for story in Rhode Island leads to 25-year-old Rolex-certified watchmaker with a passion for his craft
Recommendation
A South Texas lawmaker’s 15
Pan American Games give Chile’s Boric a break from political polarization
Jamaican security forces shot more than 100 people this year. A body camera was used only once
Sam Bankman-Fried found guilty in FTX crypto fraud case
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Star of David symbols spray-painted on Paris buildings under investigation by authorities in France
Will Taylor Swift be at the Chiefs’ game in Germany? Travis Kelce wouldn’t say
Former Detroit-area officer indicted on civil rights crime for punching Black man