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The Vermont Community Loan Fund is located in the heart of historic downtown Montpelier. For more information on our loan programs, or to learn how you can make an investment, please contact us.

 

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I can tell that the Vermont Community Loan Fund wants me and my business to succeed. It is my ultimate goal for this business to become sustainable and to keep it local.

Sharon Deitz
The Bee's Knees

Created in 2002 by the Vermont Legislature, the Building Bright Spaces for Bright Futures Fund provides grants for child care and youth programs to expand the supply and improve the quality of care available to Vermont families. Since then, we've made grants totaling over $1.2 million to support more than 110 Vermont early care and education programs. 

Potential Uses of FundingBuilding Bright Futures

  • Facility purchase
  • Facility construction or renovation
  • Pre-development
  • Interest rate subsidies
  • Licensing requirements

Basic Eligibility

  • For-profit or private nonprofit programs, home-based or center
  • Licensed centers, or registered and licensed homes (or in process)
  • Programs serving children/families who receive child care subsidy assistance
  • Programs in compliance, or in process of complying, with all applicable local, state, and federal zoning, accessibility, environmental, and other laws and regulations.
  • Programs in good standing with no history of substantial non-compliance with Vermont child care regulations
  • Youth programs
  • Programs that participate, or intend to participate, with Early Childhood Councils or Regional Community Partnership Councils or who are members of a local child care provider network
  • Requests that do not exceed $15,000 and 25% of total project

Program Priorities

In addition to the above eligibility criteria, programs with the following will be given greater consideration:

  • Full-day, full-year operations and programs offering weekend or extended-hour care
  • Programs that integrate services with other programs and services
  • Programs where 25% or more of total enrollment capacity is or will be filled by subsidy-eligible children
  • Programs that will use the grant funding to increase number of infant and/or toddler spaces

Ineligible for Funding

  • Public Schools (Public Schools collaborating with a community-based, non-school program ARE eligible to apply.)
  • Costs already incurred

Decision Making Process

  • All applicants will receive written notification acknowledging receipt of their application.
  • Grantmaking will be based on availability of funds and program priority ranking.
  • All applications will receive a panel review. Grant decisions will be made as soon as possible. Decision notification date will be included in application receipt acknowledgements.

Grant Monitoring

  • Successful applicants will execute a grant agreement outlining the conditions of the grant.
  • Awardees are required to report on the status of their program, including STARS status, for up to 3 years from the date of funding.

For more information, call Becca Schrader, Business Resource Manager at (802) 223-4424, or This email address is being protected from spambots. You need JavaScript enabled to view it..