A bill to provide for the construction and renovation of child care facilities, and for other purposes.
Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (Secretary) to insure mortgages for: (1) new or rehabilitated child care and development facilities, including for fire safety equipment loans (authorizes specified appropriations); and (2) purchase or refinance of existing child care facilities.
Directs the Secretary of the Treasury to conduct a study of the availability of child care facility secondary mortgage markets.
Authorizes the Secretary to provide grants to eligible nonprofit organizations for technical and financial assistance to assist eligible child care providers in acquiring or improving facilities or equipment. Authorizes specified appropriations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3783-3784)
Read twice and referred to the Committee on Banking.
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