As Western North Carolina approaches the one-year mark since the devastation wrought by Hurricane Helene, the State Treasurer's office is rolling out more financial support to the impacted communities. The Department of State Treasurer has announced the upcoming distribution of the third round of interest-free Cashflow Loans, aimed at aiding the ongoing recovery efforts. This lifeline comes courtesy of the Disaster Recovery Act of 2025 - Part II, injecting an additional $51.5 million into the relief program.
In a statement obtained by NC Treasurer, State Treasurer Brad Briner emphasized the success and necessity of the speedy distribution, "This is money they otherwise, would have had to wait for extended periods of time to get from the federal government. The Cashflow Loan program has been successful since its implementation just a few short months ago." He mentioned that communities are already utilizing the nearly $100 million that has been previously allocated to bolster their recovery processes.
The latest round of loans signifies the state's continued commitment to rebuild and support local governments struggling in the aftermath of natural calamities. The quick disbursal of funds offers a critical lifeline, preventing the kind of bureaucratic logjam that typically delays federal aid.
With these funds, communities have the opportunity to address pressing reconstruction needs and to foster resilience against future disasters. "The Cashflow Loan program has been successful since its implementation just a few short months ago, communities in need now have nearly $100 million in hand and already, being used in their recovery work," Briner told NC Treasurer in their announcement. Local officials hope these funds will fast-track recovery and help mitigate the long-term economic fallout from Hurricane Helene.
