Current:Home > StocksTennessee to launch $100M loan program to help with Hurricane Helene cleanup -CoinMarket
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-22 18:19:43
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! (9)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Do dollar store bans work?
- Progress in Baby Steps: Westside Atlanta Lead Cleanup Slowly Earns Trust With Help From Local Institutions
- Vice Media, once worth $5.7 billion, files for bankruptcy
- 2 killed, 3 injured in shooting at makeshift club in Houston
- All of You Will Love Chrissy Teigen’s Adorable Footage of Her and John Legend’s 4 Kids
- 1000-Lb. Sisters' Tammy Slaton Shares Tearful Update After Husband Caleb Willingham's Death
- Julia Roberts Shares Rare Photo Kissing True Love Danny Moder
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Target is recalling nearly 5 million candles that can cause burns and lacerations
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Weak GOP Performance in Midterms Blunts Possible Attacks on Biden Climate Agenda, Observers Say
- Residents and Environmentalists Say a Planned Warehouse District Outside Baltimore Threatens Wetlands and the Chesapeake Bay
- When it Comes to Reducing New York City Emissions, CUNY Flunks the Test
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Can YOU solve the debt crisis?
- Out in the Fields, Contemplating Humanity and a Parched Almond Farm
- A Fear of Gentrification Turns Clearing Lead Contamination on Atlanta’s Westside Into a ‘Two-Edged Sword’ for Residents
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
The Botanic Matchmakers that Could Save Our Food Supply
Out in the Fields, Contemplating Humanity and a Parched Almond Farm
The Botanic Matchmakers that Could Save Our Food Supply
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Out in the Fields, Contemplating Humanity and a Parched Almond Farm
A Fear of Gentrification Turns Clearing Lead Contamination on Atlanta’s Westside Into a ‘Two-Edged Sword’ for Residents
Group agrees to buy Washington Commanders from Snyder family for record $6 billion