Current:Home > StocksTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Secure Growth Solutions
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-17 06:10:57
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! (81)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- National Eating Disorders Association phases out human helpline, pivots to chatbot
- Economy Would Gain Two Million New Jobs in Low-Carbon Transition, Study Says
- Selling Sunset’s Bre Tiesi Confronts Chelsea Lazkani Over Nick Cannon Judgment
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Every Time Lord Scott Disick Proved He Was Royalty
- Taylor Swift Announces Unheard Midnights Vault Track and Karma Remix With Ice Spice
- With Wild and Dangerous Weather All Around, Republicans Stay Silent on Climate Change
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Legendary Singer Tina Turner Dead at 83
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Want to understand your adolescent? Get to know their brain
- Missing sub pilot linked to a famous Titanic couple who died giving lifeboat seats to younger passengers
- Dwindling Arctic Sea Ice May Affect Tropical Weather Patterns
- Intellectuals vs. The Internet
- Carrie Actress Samantha Weinstein Dead at 28 After Cancer Battle
- Exxon Pushes Back on California Cities Suing It Over Climate Change
- Wildfires, Climate Policies Start to Shift Corporate Views on Risk
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Hip-hop turns 50: Here's a part of its history that doesn't always make headlines
More ‘Green Bonds’ Needed to Fund the Clean Energy Revolution
Two Farmworkers Come Into Their Own, Escaping Low Pay, Rigid Hours and a High Risk of Covid-19
Trump issues order to ban transgender troops from serving openly in the military
House votes to censure Rep. Adam Schiff over Trump investigations
South Carolina is poised to renew its 6-week abortion ban
Carrie Actress Samantha Weinstein Dead at 28 After Cancer Battle