Current:Home > InvestTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Wealthify
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-11 17:32:01
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! (91899)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Jake Gyllenhaal Addresses Possible Wedding Plans With Girlfriend Jeanne Cadieu
- Illinois man gets life in prison for killing of Iowa grocery store worker
- Flavor Flav orders entire Red Lobster menu to save 'one of America's greatest dining dynasties'
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- How James Patterson completed Michael Crichton's Eruption
- Dance Moms’ Maddie Ziegler Debuts New Relationship With Musician Kid Culture
- Watch Live: Senate votes on right to contraception bill as Democrats pressure Republicans
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Mega Millions winning numbers for June 4 drawing: Jackpot won at $560 million
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Lululemon Drops a Clear Version of Its Iconic Belt Bag Just in Time for Summer Concerts
- Macaulay Culkin Shares Rare Message on Complicated Relationship With Fatherhood
- Trump asks to have gag order lifted in New York criminal trial
- What to watch: O Jolie night
- Louisiana lawmakers approve bill to allow surgical castration of child sex offenders
- Illinois man gets life in prison for killing of Iowa grocery store worker
- Woman in Michigan police standoff dies after being struck with ‘less lethal round’
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
US vs. Pakistan: Start time, squads, where to watch 2024 T20 Cricket World Cup match
As New York Mets loiter in limbo, they try to make the most out of gap year
New Trader Joe's mini-cooler bag is burning up resale sites, but patience could pay off
JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
U.S. Army officer resigns in protest over U.S. support for Israel
Heartbreak, anger and many questions follow University of the Arts’ abrupt decision to close
What Jelly Roll, Ashley McBryde hosting CMA Fest 2024 says about its next 50 years