Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -EliteFunds
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
EchoSense Quantitative Think Tank Center View
Date:2025-04-08 06:52:22
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! (95)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- How 'modern-day slavery' in the Congo powers the rechargeable battery economy
- Cosmetic surgeon who streamed procedures on TikTok loses medical license
- Biden Has Promised to Kill the Keystone XL Pipeline. Activists Hope He’ll Nix Dakota Access, Too
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Kim Zolciak's Daughters Share Loving Tributes to Her Ex Kroy Biermann Amid Nasty Divorce Battle
- Ditch Drying Matte Formulas and Get $108 Worth of Estée Lauder 12-Hour Lipsticks for $46
- The Essential Advocate, Philippe Sands Makes the Case for a New International Crime Called Ecocide
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- How Beyoncé and More Stars Are Honoring Juneteenth 2023
Ranking
- North Carolina justices rule for restaurants in COVID
- DWTS’ Peta Murgatroyd and Maksim Chmerkovskiy Welcome Baby Boy on Father's Day
- See How Gwyneth Paltrow Wished Ex Chris Martin a Happy Father’s Day
- Kim Zolciak's Daughters Share Loving Tributes to Her Ex Kroy Biermann Amid Nasty Divorce Battle
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Norovirus outbreaks surging on cruise ships this year
- The Oil Market May Have Tanked, but Companies Are Still Giving Plenty to Keep Republicans in Office
- Vitamix Flash Deal: Save 44% On a Blender That Functions as a 13-In-1 Machine
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
San Francisco Becomes the Latest City to Ban Natural Gas in New Buildings, Citing Climate Effects
Former Top Chef winner Kristen Kish to replace Padma Lakshmi as host
Warming Trends: Increasing Heat is Dangerous for Pilgrims, Climate Warnings Painted on Seaweed and Many Plots a Global Forest Make
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Bank of America created bogus accounts and double-charged customers, regulators say
Marc Anthony and Wife Nadia Ferreira Welcome First Baby Together Just in Time for Father's Day
New Research Explores the Costs of Climate Tipping Points, and How They Could Compound One Another