Current:Home > StocksTennessee 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
SignalHub View
Date:2025-04-06 23:23:28
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! (119)
Related
- A South Texas lawmaker’s 15
- Jokic’s 35 points pace Nuggets in 115-112 win over short-handed Timberwolves after tight finish
- Hilary Swank Has a Million-Dollar Message for Moms Who Complain About Motherhood
- No Caitlin Clark in the Final Four? 10 bold predictions for women's NCAA Tournament
- The company planning a successor to Concorde makes its first supersonic test
- Winner of $1.765 billion Powerball jackpot described as 65-year-old who 'adores his grandchildren'
- Pair accused of stealing battery manufacturing secrets from Tesla and starting their own company
- Lukas Gage Addresses Cheating Speculation Surrounding Breakup From Chris Appleton
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Brianna Maitland vanished 20 years ago. The FBI is now offering $40,000 to help solve the mystery.
Ranking
- Federal hiring is about to get the Trump treatment
- Kris Jenner mourns loss of 'beautiful' sister Karen Houghton: 'Life is so short and precious'
- North Carolina county boards dismiss election protests from legislator. Recounts are next
- Princess Kate tabloid photo, video fuel speculation: Why the gossip is harmful
- Sonya Massey's father decries possible release of former deputy charged with her death
- Georgia plans to put to death a man in the state’s first execution in more than 4 years
- Police in Idaho involved in hospital shooting are searching for an escaped inmate and 2nd suspect
- Wagner wins First Four game vs. Howard: Meet UNC's opponent in March Madness first round
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Louisiana lawmakers seek to ban sex dolls that look like children
Baby giraffe named 'Saba' at Zoo Miami dies after running into fence, breaking its neck
What to know about Tyler Kolek, Marquette guard who leads nation in assists per game
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Battleship on the Delaware River: USS New Jersey traveling to Philadelphia for repairs
I’m a Shopping Editor. Here’s What I’m Buying From the Amazon Big Spring Sale: $6 Beauty Deals and More
Kris Jenner mourns loss of 'beautiful' sister Karen Houghton: 'Life is so short and precious'