Hacker News article Hacker, a social network, has announced a new initiative to help parents with child care expenses.
The company said it has a program called Franklin Income that helps families pay for child care and transportation.
The Franklin Income fund, which the company launched earlier this year, provides grants to families that can cover the cost of child care.
The fund is open to all families with at least one child under the age of 18 who live in New Jersey, Pennsylvania, Delaware, New York and Connecticut.
The program is meant to provide financial support to families and parents who need to help pay for childcare expenses.
Franklin Income is a trust that will allow families to apply for grants based on the need for the funds, said a release from the company.
The program is open from January 1 to June 30.
The fund is a way to support families, said Franklin Income co-founder Ryan R. Bielawski.
He said the fund is designed to help families make a “difficult transition to the workplace, where childcare is more expensive than it has been in the past.”
In the past, families could get help paying for child-care expenses through their Social Security or federal disability benefits.
But those funds are capped at a certain amount per child.
The new program will help families with the money to cover childcare expenses, said the release.