A bill to provide for the acquisition, construction, renovation, and improvement of child care facilities, and for other purposes.

Summary: Child Care Facilities Financing Act of 2009 - Authorizes the Secretary of Health and Human Services to award competitive grants to eligible entities to deposit into child care capital funds for technical and financial assistance to eligible child care providers to pay the costs of acquisition, construction, renovation, or improvement of child care facilities or equipment, or for technical assistance to such providers to help them undertake facilities improvement and expansion.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Care Facilities Financing Act 
of 2009''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Child care facility.--The term ``child care facility'' 
        means a structure used for the care and development of eligible 
        children.
            (2) Child care services.--The term ``child care services'' 
        means child care and early childhood education.
            (3) Community development financial institution.--The term 
        ``community development financial institution'' has the meaning 
        given such term in section 103(5) of the Community Development 
        Banking and Financial Institutions Act of 1994 (12 U.S.C. 
        4702(5)).
            (4) Eligible child.--The term ``eligible child'' has the 
        meaning given such term in section 658P of the Child Care and 
        Development Block Grant Act of 1990 (42 U.S.C. 9858n).
            (5) Eligible child care provider.--The term ``eligible 
        child care provider'' means--
                    (A) an eligible child care provider as defined in 
                section 658P of the Child Care and Development Block 
                Grant Act of 1990 (42 U.S.C. 9858n); or
                    (B) a Head Start center under the Head Start Act 
                (42 U.S.C. 9831 et seq.).
            (6) Eligible entity.--The term ``eligible entity'' means--
                    (A) a community development financial institution 
                certified by the Department of the Treasury; or
                    (B) an organization that--
                            (i) is described in section 501(c)(3) of 
                        the Internal Revenue Code of 1986;
                            (ii) is exempt from taxation under section 
                        501(a) of such Code; and
                            (iii) has demonstrated experience in--
                                    (I) providing technical or 
                                financial assistance for the 
                                acquisition, construction, renovation, 
                                or improvement of child care 
                                facilities;
                                    (II) providing technical, 
                                financial, or managerial assistance to 
                                eligible child care providers; and
                                    (III) securing private sources of 
                                capital financing for child care or 
                                other low-income community development.
            (7) Eligible recipient.--The term ``eligible recipient'' 
        means--
                    (A) an eligible child care provider that provides 
                child care services to an eligible child;
                    (B) an organization seeking to provide child care 
                services to an eligible child; or
                    (C) an organization providing or seeking to provide 
                child care services to low-income children as 
                determined by the Secretary.
            (8) Equipment.--The term ``equipment'' includes--
                    (A) machinery, utilities, and built-in equipment, 
                and any necessary structure to house the machinery, 
                utilities, and equipment; and
                    (B) any other items necessary for the functioning 
                of a child care facility, including furniture, books, 
                and program materials.
            (9) Metropolitan area.--The term ``metropolitan area'' has 
        the meaning given such term in section 102 of the Housing and 
        Community Development Act of 1974 (42 U.S.C. 5302).
            (10) Secretary.--The term ``Secretary'' means the Secretary 
        of Health and Human Services.

SEC. 3. TECHNICAL AND FINANCIAL ASSISTANCE GRANTS.

    (a) Grant Authority.--The Secretary may make grants, on a 
competitive basis, to eligible entities to enable the eligible entities 
to carry out the authorized activities described in subsection (d) in 
accordance with this section.
    (b) Requirement.--In making grants under subsection (a), the 
Secretary shall take into account the experience and success of 
eligible entities in attracting private financing and carrying out the 
types of activities for which grants under subsection (a) are made.
    (c) Priority.--In making grants under subsection (a), the Secretary 
shall give priority to an eligible entity--
            (1) that has demonstrated experience--
                    (A) providing technical or financial assistance for 
                the acquisition, construction, renovation, or 
                improvement of child care facilities;
                    (B) providing technical, financial, or managerial 
                assistance to eligible child care providers; and
                    (C) securing private sources of capital financing 
                for child care or other low-income community 
                development; and
            (2) whose application proposes to assist eligible 
        recipients that serve--
                    (A) low-income areas, including--
                            (i) a community that--
                                    (I) is in a metropolitan area; and
                                    (II) has a median household income 
                                that is not more than 80 percent of the 
                                median household income of the 
                                metropolitan area; or
                            (ii) a community that--
                                    (I) is not in a metropolitan area; 
                                and
                                    (II) has a median income that is 
                                not more than 80 percent of the median 
                                household income of the State in which 
                                the community is located; or
                    (B) individuals, including eligible children, from 
                families with incomes at or below 200 percent of the 
                poverty line (as defined by the Office of Management 
                and Budget and revised annually in accordance with 
                section 673(2) of the Community Services Block Grant 
                Act (42 U.S.C. 9902(2))) applicable to a family of the 
                size involved.
    (d) Authorized Activities.--
            (1) Capital fund.--Each eligible entity that receives a 
        grant under subsection (a) shall deposit the grant amount into 
        a child care capital fund established by the eligible entity.
            (2) Payments from funds.--Each eligible entity shall 
        provide technical or financial assistance (in the form of 
        loans, grants, investments, guarantees, interest subsidies, and 
        other appropriate forms of assistance) to eligible recipients 
        from the child care capital fund the eligible entity 
        establishes to pay for--
                    (A) the acquisition, construction, renovation, or 
                improvement of child care facilities;
                    (B) equipment for child care facilities; or
                    (C) the provision of technical assistance to 
                eligible child care providers to help the eligible 
                child care providers undertake facilities improvement 
                and expansion projects.
            (3) Loan repayments and investment proceeds.--An eligible 
        entity that receives a loan repayment or investment proceeds 
        from an eligible recipient shall deposit such repayment or 
        proceeds into the child care capital fund of the eligible 
        entity for use in accordance with this section.
    (e) Applications.--
            (1) Eligible entities.--To be eligible to receive a grant 
        under subsection (a), an eligible entity shall submit an 
        application to the Secretary at such time, in such form, and 
        containing such information as the Secretary may require.
            (2) Eligible recipients.--To obtain assistance from an 
        eligible entity under this section, an eligible recipient shall 
        prepare and submit an application to the eligible entity at 
        such time, in such form, and containing such information as the 
        eligible entity may require.

SEC. 4. AUTHORIZATION OF APPROPRIATIONS.

    There is authorized to be appropriated to carry out this section 
$50,000,000 for each of the fiscal years 2010 through 2014.