Current:Home > reviewsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -WealthTrack
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-19 14:26:33
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! (5425)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Rep. Jennifer Wexton won't seek reelection due to new diagnosis: There is no 'getting better'
- Police probe report of dad being told 11-year-old girl could face charges in images sent to man
- Turkey’s Erdogan says he trusts Russia as much as he trusts the West
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- UAW president says more strike action unless 'serious progress' made
- World War I-era plane flips over trying to land near museum in Massachusetts
- Fiber is a dietary superhero. Are you eating enough of it?
- Current, future North Carolina governor’s challenge of power
- Olivia Rodrigo's Ex Zack Bia Weighs In On Whether Her Song Vampire Is About Him
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Not all types of cholesterol are bad. Here's the one you need to lower.
- Military drone crashes during test flight in Iran, injuring 2
- Sponsor an ocean? Tiny island nation of Niue has a novel plan to protect its slice of the Pacific
- The Daily Money: Spending more on holiday travel?
- Monday Night Football highlights: Steelers edge Browns, Nick Chubb injured, Saints now 2-0
- Southeast Asia nations hold first joint navy drills near disputed South China Sea
- Iranian soccer fans flock to Cristiano Ronaldo’s hotel after he arrives in Tehran with Saudi team
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
How a rural Alabama school system outdid the country with gains in math
Hunter Biden sues IRS over whistleblowers who criticized DOJ probe
Russell Brand, Katy Perry and why women are expected to comment when men are accused of abuse
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Network of ancient American Indian earthworks in Ohio named to list of UNESCO World Heritage sites
Hurricane Idalia sent the Gulf of Mexico surging up to 12 feet high on Florida coast
Generac recalls more than 60,000 portable generators over burn risk