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TLDA reports loan forbearance requests and plans for SRF emergency grants after Hurricane Helene
3378779 · May 19, 2025
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Summary
TLDA staff reported three utilities affected by Hurricane Helene have requested loan forbearance; the authority plans to apply for SRF emergency response grants in July and expects to receive approximately $55 million for affected entities.
At its May 19, 2025, meeting, the Tennessee Local Development Authority received a staff report on utilities seeking loan forbearance after Hurricane Helene and on TLDA planning to apply for SRF emergency response grant funds.
"We did provide loan forbearance option for hurricane Helene affected utilities, and we had 3 utilities…
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