Opening a childcare center could be easier in San Francisco
By Hicbd
Wed Dec 21 2022 12:16 pm
"Unlike commercial developers that may more easily obtain a loan from a bank, nonprofit child care facilities must scrape together funds from a mix of public dollars and nonstop fundraising...To cover the $9.9 million in land costs, construction, and other permits, leaders at the preschool applied for and received five different grants ranging from $230,000 to $2.5 million. They also raised $630,000 through a capital campaign and received a $2.6 million loan from the Low Income Investment Fund, a lender for essential but non-lucrative services such as child care."
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