$100M Fund To Boost New York City's Childcare Options, Mayor Says

NEW YORK, NY — A $100-million boost is on the way to help more than half of New York City families who can't afford childcare, according to Mayor Eric Adams.

The city announced Tuesday that $50 million from nonprofit Robin Hood and $50 million in state and federal grants will create a "Childcare Quality and Innovation Initiative" aimed at expanding childcare options for New Yorkers.

The funding comes as Adams takes aim at rebounding the Big Apple's economy from the coronavirus crisis. One in four parents have had to turn down a job, change jobs or take leave because of childcare needs since the pandemic began, according to his office.

" We need to get New Yorkers back to work and lower the cost of childcare — both of which will uplift families and remove the obstacles that are holding too many parents back,” Adams said. "Investing in childcare is a down payment on progress and the future of our kids."

In New York City, more than half of families with children under the age of four cannot afford childcare, according to the mayor's office.

Even for those who can afford it, options are limited. There is only one available childcare slot for every five infants across the five boroughs, officials said.

With the $100 million — which will extend over the next four years — the city will work on expanding access in neighborhoods without enough providers and ensuring childcare options are available for parents that work atypical hours, officials said.

The funding will also be put toward workforce development programs and encouraging models at childcare facilities that compensate providers more fairly, reduce turnover, and create opportunities for growth, officials said.