NC H952

Creates the North Carolina Child Care Finance Agency as a state instrumentality to provide mortgage loans, construction loans, and rehabilitation loans to licensed child care providers where private financing is unavailable on equivalent terms

Establishes a 12-member board of directors with four-year terms, appointed by the Governor (6 members), Senate President Pro Tempore (3 members), and House Speaker (3 members), with required expertise in child care, lending, and workforce development

Authorizes the Agency to issue up to $12 billion in bonds and notes, with loans forgivable after 15 years if providers serve 25% more children than at loan origination and at least 50% of children receive subsidies

Requires prioritization of providers with fewer than 10 facilities, areas with greatest child care needs, high-quality licensed facilities, and full-day care programs, including faith-based organizations and employer-sponsored child care

Appropriates $20 million in nonrecurring General Fund money and directs the State Treasurer to invest 3.5% of the NC Innovation Fund corpus with the Agency, effective July 1, 2025