Access to early care and education, AKA early childhood education (ECE), is a critical need—not just for children’s development and closing achievement gaps, but also for building thriving communities and advancing economic opportunity for both families and ECE providers.
Still, we have a dramatic undersupply of quality, affordable ECE spots. To deliver more quality facilities in our communities, we need to augment philanthropic and government resources with private investment.
Mission Driven Finance is working toward the launch of a real estate financing vehicle focused on early childhood education facilities. Our long-term goal is the creation of a community real estate investment trust (cREIT) that will reconnect capital with community.
We are aiming to launch our first pilot sites in 2021 in a few select communities around the U.S. These include strategies for commercial and nonprofit operators of child care centers and for family child care providers through homeownership.