Legislation would provide loans to open or expand childcare facilities in needed areas

Santa Fe, N.M. – Today, the House of Representatives unanimously passed a bill to help expand access to childcare in New Mexico.

Senate Bill 175 would provide loans to childcare facilities looking to open or expand in areas of greatest need, including locations with high poverty rates. The program would prioritize childcare providers that provide care during non-traditional work hours and serve the youngest children. Loans could also support companies seeking to create or expand childcare programs for their staff, and providers looking to upgrade their facilities and services.

"Our childcare providers are essential to the development of our children and communities," said House sponsor Representative Linda Serrato (D-Santa Fe). "This act ensures that these small businesses can grow and provide the reliable love, education, and care that our youngest New Mexicans need, while supporting our working families and boosting our economy."

This legislation updates the Child Care Revolving Loan Fund, which was established in 2003, but has lacked consistent funding. SB 175 is backed by $10 million in this year's budget to support the fund moving forward.

"We know that many parents in New Mexico struggle to find childcare in their communities. Meanwhile, many providers would like to expand, but lack the funds to do so," said sponsor Senator Heather Berghmans (D-Albuquerque). "This legislation provides childcare facilities with the capital to grow their services, so they can better serve the kids and families of our state."

SB 175 now moves to the Governor's desk to be signed into law.

This year's budget, which has also passed the House, continues investments in cradle-to-career education, including increased funding to the Early Childhood Education and Care Department by $170 million, or 21.6%, to greatly expand pre-K, childcare assistance, home visiting, and tribal language supports.

This session, House Democrats are pushing forward a slate of legislation to make life better and more affordable for New Mexicans, including efforts to improve access to childcare.

Members of the public are welcome to attend floor sessions and committee meetings at the New Mexico Roundhouse, and can tune in virtually through the New Mexico Legislature's Webcasts tab. Public comment can also be provided in-person, and via phone or Zoom as directed on the daily schedule.