Current:Home > MarketsTennessee to launch $100M loan program to help with Hurricane Helene cleanup -WealthRise Academy
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 03:48:01
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! (41)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Roseanne Actor Martin Mull Dead at 80
- Supreme Court rejects Steve Bannon's bid to remain out of prison while appealing conviction
- Rachel Lindsay Calls Out Ex Bryan Abasolo for Listing Annual Salary as $16K in Spousal Support Request
- Meet first time Grammy nominee Charley Crockett
- Mount Everest's melting ice reveals bodies of climbers lost in the death zone
- How did woolly mammoths go extinct? One study has an answer
- Arson blamed for fire that destroyed historic home on Georgia plantation site
- Meet first time Grammy nominee Charley Crockett
- Sex Lives of College Girls’ Pauline Chalamet Is Pregnant, Expecting First Baby
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- U.S. soldier in Japan charged with sexually assaulting teenage girl in Okinawa
- Rental umbrella impales Florida beachgoer's leg, fire department says
- FDA says new study proves pasteurization process kills bird flu in milk after all
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Tom Cruise Steps Out With His and Nicole Kidman’s Son Connor for Rare Outing in London
- 4 Nations Face-Off: US, Canada, Finland, Sweden name first players
- The 43 Most Popular Amazon Items E! Readers Bought This Month: Summer Fashion, Genius Home Hacks & More
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
J.Crew Factory’s 4th of July Sale Has the Cutest Red, White & Blue Dresses up to 70% off Right Now
BBMak Is Back Here With a Rare Update 2 Decades After Their Breakup
Jonathan Van Ness denies 'overwhelmingly untrue' toxic workplace allegations on 'Queer Eye'
The Best Stocking Stuffers Under $25
FKA Twigs calls out Shia LaBeouf's request for more financial records
Sex Lives of College Girls’ Pauline Chalamet Is Pregnant, Expecting First Baby
Gilmore Girls' Keiko Agena Reveals Her Dream Twist For Lane Kim and Dave Rygalski