State Treasurer loans $23M to western NC for Hurricane Helene recovery

The Department of State Treasurer is loaning nearly $23 million to Western North Carolina for continuing Hurricane Helene recovery.

Officials are distributing interest-free cashflow loans to eight governments across Watauga, Rutherford, Haywood, Madison, and Polk counties.

According to a memo, priority was given to applicants who’ve already requested funding from another source or projects addressing public health and safety, and regionalization…

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