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 (HUD) to insure mortgages for: (1) new or rehabilitated child care and development facilities, including for fire safety equipment loans; and (2) acquiring or refinancing debt of existing child care facilities.
Directs the Secretary of the Treasury to study the availability of secondary markets for mortgages on child care facilities.
Authorizes HUD grants to eligible nonprofit organizations for technical and financial assistance to assist eligible child care providers in acquiring or improving facilities or equipment.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5982-5983)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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