Eligible and qualified residents of Ann Arbor, Michigan will start to receive $528 in monthly payments for the next two years.
Monthly payments for residents in Michigan begin. (Photo: CNET)
$528 in Monthly Payments Will Go Out
Eligible and qualified residents in Ann Arbor, Michigan will start to receive their $528 in monthly payments for the next two years. This is part of the Guaranteed Income to Grow Ann Arbor which has received a total amount of funding worth $41.8 million from the Federal American Rescue Plan.
In a published article in The U.S. Sun, this payment is specifically designated to a group of persons in Ann Arbor, Michigan. These are for all types of local entrepreneurs experiencing financial hardship including self-employed people, owners of formal or informal small businesses, gig workers, and people with side hustles who have low incomes.
READ ALSO: Rare $500 Bill Reveals Hidden Error, Soars In Value To $2,160!
Aim of the Monthly Payment
The aim of this new monthly payment is to help struggling group of people in the state meet their needs. Moreover, those who are receiving some assistance such as SNAP, TANF, Section 8, Pell Grants will still qualify. This is set as a pilot test for future guaranteed income initiatives.
Furthermore, Kristin Seefeldt, U-M associate professor and lead researcher for the pilot, said, “This guaranteed income pilot is about celebrating residents who do much to strengthen our community but are still struggling to make ends meet.”
