Child care pilot program to benefit struggling families

The city will be choosing 40 families throughout the five boroughs for this pilot program.

The city will be choosing 40 families throughout the five boroughs for this pilot program. (8/7/13)

NEW YORK - Help for families struggling to pay for child care may be coming in the form of a pilot program.

Neighborhood Trust Federal Credit Union is working with the city on the Child Care Loan Initiative, which will offer 6 percent loans of up to $11,000 for parents with kids between the ages of 2 and 4.

Applicants must have an income between $80,000 and $200,000 and a credit score of at least 620. They must also attend a free financial counseling session.

The city will be choosing 40 families throughout the five boroughs for this pilot program.

Officials told News 12 that all residents have to do to apply is call 311 and ask for the Child Care Loan Initiative. From there, prospective applicants will be able to talk to a financial consultant.

advertisement | advertise on News 12

Trending Video

1 Word on the Street: Dating apps and self-esteem
VIDEO: Suspected gang members arrested in the Bronx 2 VIDEO: Suspected gang members arrested in the Bronx
News 12 talks to viewers about how dating 3 Word on the Street: Dating apps and self-esteem
4 VIDEO: Students get crash course on disaster preparedness
5 Bronx Sportscast, April 24

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE