Current:Home > MyTennessee to launch $100M loan program to help with Hurricane Helene cleanup -WealthMindset Learning
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-11 17:43:22
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! (21)
Related
- Highlights from Trump’s interview with Time magazine
- I'm Crying Cuz... I'm Human
- Feds move to block $69 billion Microsoft-Activision merger
- Pete Buttigieg on Climate Change: Where the Candidate Stands
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Kate Middleton Gives Surprise Musical Performance for Eurovision Song Contest
- As Diesel Spill Spreads, So Do Fears About Canada’s Slow Response
- Olympic medalist Tori Bowie died in childbirth. What to know about maternal mortality, eclampsia and other labor complications.
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Debunking Climate Change Myths: A Holiday Conversation Guide
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- An Ambitious Global Effort to Cut Shipping Emissions Stalls
- Green Groups Working Hard to Elect Democrats, One Voter at a Time
- Tom Steyer on Climate Change: Where the Candidate Stands
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- All the TV Moms We Wish Would Adopt Us
- Ohio’s Struggling Manufacturing Sector Finds Clean Energy Clientele
- Kit Keenan Shares The Real Reason She’s Not Following Mom Cynthia Rowley Into Fashion
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Michigan County Embraces Giant Wind Farms, Bucking a Trend
What does the Presidential Records Act say, and how does it apply to Trump?
With telehealth abortion, doctors have to learn to trust and empower patients
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Green Groups Working Hard to Elect Democrats, One Voter at a Time
MacKenzie Scott is shaking up philanthropy's traditions. Is that a good thing?
Denver Nuggets defeat Miami Heat for franchise's first NBA title