Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -WealthGrow Network
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-27 16:58:08
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! (49433)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Ariana Madix Called Out Tom Sandoval for Acting Weird Around Raquel Leviss Before Affair Scandal
- Hot weather could be getting in the way of good sleep, a new study finds
- Climate-driven floods will disproportionately affect Black communities, study finds
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Bella Hadid Supports Ariana Grande Against Body-Shaming Comments in Message to Critics
- Save 50% On This Tarte Lip Gloss/Lip Balm Hybrid and Get Long-Lasting Hydration With a Mirror-Like Shine
- Our roads are killing wildlife. The new infrastructure law aims to help
- Small twin
- Man said to be doing very well after 2 months adrift in Pacific with his dog on a damaged boat
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The 2022 Atlantic hurricane season will be more active than usual, researchers say
- The Bachelor's Rachel Recchia and Genevieve Parisi Share Coachella Must-Haves
- Vanderpump Rules’ Tom Sandoval Says He Broke Up With Ariana Madix Before Cheating Made Headlines
- Meet first time Grammy nominee Charley Crockett
- Mass grave in Sudan's West Darfur region found with remains of almost 90 killed amid ethnic violence
- Get ready for another destructive Atlantic hurricane season
- Nickelodeon's Drake Bell Considered Missing and Endangered by Florida Police
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Ukraine is advancing, but people in front-line villages are still just hoping to survive Russia's war
Let Adam Brody Be Your One and Only Source Into How He Met Leighton Meester
RHONJ: Teresa Giudice's Involvement in Melissa Gorga Cheating Rumor Revealed
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Joe Alwyn's Next Film Role After Taylor Swift Breakup
China executes kindergarten teacher convicted of poisoning students
Cerberus, heat wave named for dog that guards Greek mythology's underworld, locks its jaws on southern Europe