Real estate for child care providers

Real estate for child care providers

Safe, developmentally appropriate, and reliable child care is critically limited in our community. Many child care providers who wish to serve more children and families have a difficult time securing a suitable space to grow their business.

Care Access Real Estate (CARE) Nevada helps home-based child care providers rent a new property that will allow them to serve more children and families in Nevada. It is driven by a partnership between Nevada Department of Health and Human Services, Division of Welfare and Supportive Services, The Children's Cabinet and Mission Driven Finance.

Expand your child care business in a CARE Nevada property

CARE finds and purchases properties that can be renovated into ideal child care homes for large family child care/group child care operations. In partnership with local ecosystem partners, CARE offers the properties to pre-qualified child care providers who meet the criteria of a CARE tenant.

CARE acts as a child care friendly landlord, ensuring that your location will be maintained in licensable condition. After leasing a CARE property for at least two years, the tenant may have the opportunity to purchase the property at a discounted price.

Early learning spaces for children and child care providers

Expand your business

Serve more children and families with a larger location.

Child care optimized space

CARE Nevada finds perfect houses for Group Child Care.

Friendly & supportive landlord

We understand the needs of child care and charge a fair rent.

Are you a good CARE Nevada candidate?

If you are a child care provider in Nevada who:

  • Has at least two years of experience providing child care in a home-based or center- based setting;
  • Is eager to care for more children in a house licensed for group child care (up to 12 children);
  • Is planning to continue operating a child care business for the foreseeable future;
  • Is currently operating your child care program in a rented space;
  • Is willing to move and lease a CARE property;
  • Is willing to care for children under 2 years old;
  • Is willing to serve children eligible for the state's subsidy program; and
  • Currently lives in Clark County, Nevada

Then this program might be right for you!

Explore the process

The full journey of a CARE tenant includes the following steps:

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This is a limited opportunity

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Our informational webinar from February 7, 2023 is available to watch via the link below:

Watch Webinar

Frequently Asked Questions

  • Expand the supply of quality child care, especially for overlooked and under-resourced families and communities.
  • Increase the resilience of child care businesses by providing stable leases as a child care friendly landlord.
  • Increase the revenue of child care providers by creating opportunities to expand their business to serve more children and families, and give them a pathway to possible home ownership.

You will be leasing a child care ideal house from a friendly and helpful landlord that understands the needs of child care. CARE is committed to helping you grow your business and serve more children and families.

CARE is looking for tenants with over 2 years of experience providing care for children in either a home-based or a center-based setting.

Unlicensed child care providers are eligible for the CARE Nevada program. For an unlicensed family child care provider to be eligible for CARE Nevada, you must be able to demonstrate you have been providing child care to unrelated children as a registered license-exempt family, friend, or neighbor (FFN) provider for at least two years and/or you have substantial experience as a child care teacher.

CARE aims to increase the availability of child care in Clark County, Nevada. Therefore, we are looking only for child care providers who can increase their licensed capacity. This includes both license-exempt FFN providers and providers who currently hold a Family Child Care license for up to six children and unable to expand their licensed capacity in their current location due to real estate challenges. All CARE tenants will be expected to serve more children and families by moving into a CARE property.

CARE rents its properties to child care providers. If you already own your home, it doesn’t make financial sense to move to a rented property.

Yes. At this time only child care providers located in Clark County, Nevada are eligible.

Yes, but when you move into a CARE property we will require you to serve families who are eligible for a state child care tuition subsidy. By moving into a CARE property, you agree to have at least 1/3 of your enrollees qualify for the state child care tuition subsidy program.

No. Not all child care providers who are approved as a candidate tenant will match with a property.

Providers who meet all need, quality, and capacity requirements as determined by the questionnaire, interviews, verifications, and documentation will be invited to become a CARE candidate tenant. Please note that becoming a CARE candidate tenant does not guarantee matching with and moving into a CARE property.

No. There is no application fee for CARE.

Yes. We don’t require personal credit scores to become a CARE tenant.

Financial coaching and support services will be provided to CARE tenants to ensure the tenants overall financial health allows them to be resilient, pursue opportunities, manage their business finances, and grow wealth.

CARE tenants may have an opportunity to purchase the property after two years at a discounted price, subject to federal rules and regulations.

A real estate investment trust (REIT) is a company that owns and operates rental properties. REITs pool money from numerous investors to invest in real property.

Mission Driven Finance is an impact investment firm dedicated to building a financial system that ensures overlooked businesses have access to sufficient, affordable capital.

Your lease with CARE Nevada will state that you must be operating child care services while renting the property. Therefore, if you decide to end your child care business you will have to relocate.

A real estate investment trust (REIT) is a company that owns and operates rental properties. REIT pool money from numerous investors to invest in real property.

The timelines are variable and uncertain. The application process takes a couple of months, and there are many factors that affect when houses will be available and whether you match with one. We advise candidate tenants to move forward with their lives as if the CARE opportunity might not happen; if you match, you and your family can decide if the opportunity makes sense at that time.

No. It is the responsibility of the child care provider to apply for and obtain a group child care license. Many partners are mobilized to help navigate the process, but it is a lot of work, and that work falls on the child care provider. CARE provides rent discounts to help its tenants afford rent while they work their way through the licensing process.

CARE Nevada is administered by:

  

CARE Nevada is funded in part by the Department of Health and Human Services, Division of Welfare and Supportive Services Grant Number 2101NVCCC5 from the Administration for Children and Families, Child Care and Development Block Grant – Coronavirus Response and Relief Supplemental Act (CRRSA).