Establishes a no-cost loan program for child care providers to finance capital expenses, aiming to increase child care slots.

The "Child Care Loan Fund Act" creates a no-cost, zero percent interest loan program for child care providers to finance capital expenses. The New Jersey Economic Development Authority (EDA) will establish the program in collaboration with the Department of Children and Families and the Department of Human Services. The goal is to increase the overall number of child care slots available statewide. Loan funds can be used for renovating or expanding existing centers or homes, or constructing new ones.

Establishes a no-cost loan program for child care providers to finance capital expenses, aiming to increase child care slots.

The "Child Care Loan Fund Act" creates a no-cost, zero percent interest loan program for child care providers to finance capital expenses. The New Jersey Economic Development Authority (EDA) will establish the program in collaboration with the Department of Children and Families and the Department of Human Services. The goal is to increase the overall number of child care slots available statewide. Loan funds can be used for renovating or expanding existing centers or homes, or constructing new ones.