Philadelphia, PA | September 24, 2025 – Today, Reinvestment Fund, a nationally-focused Community Development Financial Institution (CDFI), announced an expansion in their Early Childhood Education initiative aimed at expanding access to high-quality child care in communities with limited supply. This investment reflects Reinvestment Fund’s continued commitment to advancing access to high-quality early learning for all communities through targeted lending and partnership strategies.
Reinvestment Fund has been selected to administer a $4 million loan fund to support licensed child care facilities in Montgomery County, Maryland. This funding includes both forgivable loans (up to $74,000) and interest-free loans (up to $300,000) for both center-based programs and family child care homes. The initiative focuses on providers creating new infant and toddler seats, serving low-income families and operating in areas identified as underserved.
The program builds on the Montgomery County Supply and Demand Study for Early Care and Education, completed in 2024, which provided a comprehensive analysis of child care needs across the county. The study established the framework for this initiative by identifying where gaps in access are most significant and informing the benchmarks against which progress will be measured.
Reinvestment Fund aims to approve $2 million in loans by May 31, 2026, under a one-year administration contract. The fund will provide critical financial support to help providers overcome facility-related barriers that limit their capacity to serve more children.
“This project exemplifies Reinvestment Fund’s strategic approach to tackling the national child care crisis. By blending innovative financial solutions with deliberate local collaborations, we are expanding access to high-quality care for a greater number of children and their families.” said LaToshia DeVose, program director for ECE at Reinvestment Fund.
“Montgomery County is pleased to offer these types of loans to our child care businesses. Investing in the economic and education future of our county, starts with child care expansion. Child Care providers will be able to expand or enhance the quality of their programs through this loan program giving greater choice to parents in the community and to fill needed gaps in programming”, said Jennifer Arnaiz, Senior Administrator, Department of Health and Human Services Early Childhood Services.
Funds are tailored to meet pressing community needs and are guided by clear benchmarks. In Montgomery County, success will hinge on the volume of approved loans, the provider types receiving them, and the creation of child care seats that respond directly to local gaps in service.
Learn more about the Montgomery County Early Care and Education (ECE) Facility Loan Program.
To learn more about Reinvestment Fund’s work, visit www.reinvestment.com.
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Media Contact: media@reinvestment.com
About Reinvestment Fund
Reinvestment Fund is a mission-driven financial institution committed to making communities work for all people. We bring financial and analytical tools to partnerships that work to ensure that people in communities across the country have the opportunities they strive for: affordable places to live, access to nutritious food and health care, schools where their children can flourish, and strong, local businesses that support jobs. We use data to understand markets and how transactions can have the most powerful impact, which has consistently earned us the top Aeris rating of AAA for financial strength and four stars for impact management. Our asset and risk management systems have also earned us an AA- rating from S&P. Since our inception in 1985, Reinvestment Fund has provided over $3.2 billion in financing to strengthen neighborhoods, scale social enterprises, and build resilient communities. Learn more at reinvestment.com.