Current:Home > InvestTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Clarity Finance Guides
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-14 20:13:43
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! (4916)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Oregon woman with flat tire hit by ambulance on interstate, dies
- National bail fund returns to Georgia after judge says limits were arbitrary
- EPA awards $4.3 billion to fund projects in 30 states to reduce climate pollution
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Kamala Harris says she intends to earn and win Democratic presidential nomination
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, The End of Time
- When does Simone Biles compete at Olympics? Her complete gymnastics schedule in Paris
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- No prison for a nursing home owner who sent 800 residents to ride out a hurricane in squalor
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Wildfires: 1 home burned as flames descends on a Southern California neighborhood
- What to know about Kamala Harris, leading contender to be Democratic presidential nominee
- How well does the new 2024 Toyota Land Cruiser cruise on pavement?
- What to watch: O Jolie night
- Judge Orders Oil and Gas Leases in Wyoming to Proceed After Updated BLM Environmental Analysis
- What to know about Kamala Harris' viral coconut tree meme: You exist in the context of all in which you live
- Trump holds first rally with running mate JD Vance
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Inter Miami stars Lionel Messi, Luis Suarez won’t play in MLS All-Star Game due to injury
Utah wildfire prompts mandatory evacuations
Harris looks to lock up Democratic nomination after Biden steps aside, reordering 2024 race
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Armie Hammer says 'it was more like a scrape' regarding branding allegations
The Daily Money: Americans are ditching their cars
Nicole Kidman Makes Rare Comments About Ex-Husband Tom Cruise