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Read. Follow. Verify.North Carolina creates Child Care Finance Agency to issue up to $12 billion in bonds and fund facilities
Last action · April 14, 2025: Ref To Com On Rules, Calendar, and Operations of the House (House action)Sponsors: Beth Gardner Helfrich and 13 others
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What This Bill Would Do
North Carolina establishes the North Carolina Child Care Finance Agency to provide construction, rehabilitation, and mortgage loans for child care facilities, authorized to issue up to $12 billion in bonds and notes. Effective July 1, 2025, the agency is governed by a 12-member board of directors and receives a $20 million nonrecurring from the General Fund.
Licensed child care providers, commercial lenders, and parents seeking child care access will see new financing options, loan forgiveness programs tied to capacity growth, and employer-sponsored child care incentives across the state.
- State-level child care finance agencies are specialized public entities designed to leverage private capital and bonding capacity to expand access to child care infrastructure. context
- The North Carolina General Assembly regularly uses nonrecurring appropriations and capital reserve funds to seed new economic development and community service programs. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Licensed child care providers
Eligible to apply for construction, rehabilitation, and mortgage loans, as well as loan forgiveness after 15 years under specific conditions.
Low-income families
Expected to gain increased access to affordable child care facilities and subsidies supported by agency financing programs.
Private employers
Encouraged to sponsor on-site child care for employees and eligible for financing assistance and advisory services.
Faith-based organizations
Eligible for financing for child care construction and rehabilitation that provides high-quality child care.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the purpose of the North Carolina Child Care Finance Agency?
Who serves on the board of directors for the agency?
Can child care loans be forgiven?
Does the state guarantee the bonds issued by the agency?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
3 actions- Apr 14, 2025HouseRef To Com On Rules, Calendar, and Operations of the House
- Apr 14, 2025HousePassed 1st Reading
- Apr 10, 2025HouseIntroducedFiled
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Show 9 more sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Creation of Dedicated Child Care Financing Entity
North Carolina is establishing a specialized public instrumentality dedicated exclusively to child care facility financing and mortgage insurance, backed by up to $12 billion in bonding authority.
Connected Entities
Sources
www.ncleg.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz45Current news / social attention level
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