Parent Subsidy Program

Interest and payments are deferred for the first six months, then the provider will be responsible for making payments on the loan (interest and principal).

Employee payroll or bonuses Taxes Repayment of other debts or loans Improvements to non-childcare portion of the home (for home-based facilities)

The funds are available on a first-come, first-served basis, and we will accept applications until the funding is exhausted. We expect to be able to provide up to 40 these loans.

7.5%

No! The program is paying for the credit check, UCC filing fee, accrued interest, and loan origination fees. If the participant does not complete the project in the six-month time frame, they will be responsible for making the loan payment.

No.

No.

One loan per center location will be eligible to participate in the loan forgiveness program.

The maximum is $10,000.

Suppose your project comes in under budget, and you have money left over. In that case, you can submit an amendment to your project plan to add additional approved purchases.

Investment in equipment such as cribs, cots, tables, highchairs, indoor and outdoor toys and playsets, bathroom accessories, strollers, changing stations, etc. Investment in the environment, such as any improvement to indoor or outdoor play space, adding fencing, lighting, etc. Investment in modernization/efficiency, such as computer equipment, cameras, and subscriptions for childcare software

Retention bonuses will be distributed on a first-come, first-served basis. Funds will be distributed approximately 30 days after the application has been approved.

COVID-related closures do not impact your eligibility.

A grant is available for each address, not each individual license. If you operate multiple centers, please submit a separate application for each.

Yes, there are tax implications for receiving this bonus. Since everyone’s situation is different, we recommend working with a tax consultant to understand how it is likely to impact you.

If your program closes for the summer, you must show that you were open as of May 1, 2021 (or earlier) and remain open until the start of your summer session date in 2023.

No, each facility is only eligible for one retention bonus. The owner that does not apply for the facility bonus can apply for the employee retention bonus if they work directly with children.

Yes! Facilities that opened after the start of the first eligibility period (after July 1, 2021) will be eligible for the second disbursement of the retention bonus. Applications for the second round will be available after June 30, 2023.

The facility retention bonus is only available for for-profit childcare facilities, but the employee retention bonus is available for anyone providing childcare in a licensed facility.

If your program closes for the summer, you must show that you were employed as of May 1, 2021 (or earlier) and remain employed until the start of the summer session date in 2023.

The bonus will be prorated based on the number of months in each position. For example, if you worked half-time for six months and full-time for 18 months, you would be eligible for $2,750 (total, paid in two installments). If you work part-time for one year and full-time for one year, you would be eligible for $2,500.

The bonus is based on time spent working directly with children. If you worked an average of 12-20 hours per week on child care tasks, you will be eligible for the part-time bonus. If you average over 21 hours per week on child care tasks, you will be eligible for the full-time bonus.

Please gather a separate Employment Attestation for each facility at which you worked.

Closures due to COVID-19 do not impact eligibility.

Retention bonuses will be distributed on a first-come, first-served basis. Funds will be distributed approximately 30 days after the application has been approved.

Yes, there are tax implications for receiving this bonus. Since everyone’s situation is different, we recommend working with a tax consultant to understand how it is likely to impact you.

Your child must be 5 years or under and enrolled at a licensed child care home or center.

We are following the state subsidy guidelines for this program:

This subsidy is a per family subsidy, so each household would qualify to receive this benefit. A separate application must be completed for each household.

This subsidy will only be paid to one provider per child, so you must choose a primary provider when you fill out the application.

While you do not need to receive a state subsidy to qualify for this program, you must meet the income requirements. Income requirements have gone up significantly in the last few years and we think there might be many families who qualify and don’t know it yet! Our hope is that families will learn they are eligible to receive the state subsidy as a result of this program. This subsidy is administered by Changing Tides Family Services, if you choose to, you can also apply for their services.

The stipend will be paid directly to providers, so it will count as a part of their income. It will not be income for the receiving family.

If your provider does not accept state subsidy payments from Changing Tides Family Services, they will need to enroll to receive this stipend. This does not mean they need accept state subsidy payments.