A combined $100 million fund will be available to increase child care and help New York families, Governor Kathy Hochul said during a visit to a center in Albany.
The announcement includes $50 million in capital funding to provide grants for the construction of new child care centers and registered school-age child care programs or the expansion of existing centers.
An additional $50 million in business tax credits will be available in the relief package for eligible businesses that create or expand infant and toddler child care seats for their employees directly or through a third party.
“Quality child care is essential for our families, providing a safe environment for children and an educational foundation for the next generation of New Yorkers,” Governor Hochul said in a statement.
“Too often, working families struggle to find programs in their communities. Since taking office, I have remained committed to responding to the concerns of our families by continuing to develop new programs that meet the growing needs for child care services throughout our state,” the official added.
Capital financing
Capital financing and employer tax credit complement Governor Hochul’s historic more than $7 billion state investment designed to expand access to affordable child care, invest in the state’s child care workforce and support working families over a four-year period.
The Child Care Capital Program (CCCP) will award grants ranging from $500,000 to $1.5 million to eligible child care providers to expand existing centers or build new ones. The program will be overseen by the New York State Office of Children and Family Services (OCFS) and administered by the New York State Dormitory Authority (DASNY). The funds will be divided 60 percent for the downstate region (which includes New York City, Long Island, and Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester counties) and 40 percent for the rest of the state.
CCCP will provide reimbursement grants for the design, construction, reconstruction, rehabilitation, equipment and other capital assets for existing or proposed for-profit or nonprofit child care centers, state-licensed and registered school-age child care programs. . The facility must be intended to be used as a child care program for at least eight years. Projects must be shovel-ready, demonstrate the ability to obtain a license, and be fully operational within six months of completion of construction and worth at least $500,000.
“OCFS is proud to steward Governor Hochul’s continued historic investments to make child care more affordable, accessible and equitable,” said Suzanne Miles-Gustave, Acting OCFS Commissioner and Co-Chair of the Child Availability Task Force. Childcare.
2023-12-21 18:12:47
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