Current:Home > InvestTennessee to launch $100M loan program to help with Hurricane Helene cleanup -Wealth Momentum Network
Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
View
Date:2025-04-15 01:41:45
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! (79587)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Video shows Waymo self-driving cars honking at each other at 4 a.m. in parking lot
- Phil Donahue, whose pioneering daytime talk show launched an indelible television genre, has died
- Political newcomers seek to beat U.S. House, Senate incumbents in Wyoming
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Biden’s offer of a path to US citizenship for spouses leaves some out
- A muscle car that time forgot? Revisiting the 1973 Pontiac GTO Colonnade
- The Real Housewives of Salt Lake City Cast Is More Divided Than Ever in Explosive Season 5 Trailer
- Federal hiring is about to get the Trump treatment
- Tamirat Tola and Hellen Obiri look to defend titles in New York City Marathon
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 20, 2024
- Are your hands always cold? Some answers why
- Semi-truck catches fire, shuts down California interstate for 16 hours
- Trump issues order to ban transgender troops from serving openly in the military
- Bobby Bones Reacts to Julianne Hough Disagreeing With Dancing With the Stars Win
- Georgia governor doubles down on Medicaid program with work requirement despite slow start
- Ryan Reynolds Shares How Deadpool & Wolverine Honors Costar Rob Delaney's Late Son Henry
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Haitian ex-President Martelly hit with U.S. sanctions, accused of facilitating drug trade
Jamie-Lynn Sigler’s 10-Year-Old Son Beau Hospitalized for 33 Days Amid “Nightmare” Illness
Beyoncé launches new whiskey with Moët Hennessy, and it's named after a family member
Global Warming Set the Stage for Los Angeles Fires
As the DNC Kicks Off, Here’s How Climate Fits In
Shiloh Jolie granted request to drop Pitt from her last name: Reports
Patrick Mahomes' Pregnant Wife Brittany Mahomes Shares Results of Pelvic Floor Work After Back Injury