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Denver Basic Income Program: $50 to $1,000 monthly for Migrants Amidst Housing Crisis

Photo from: Denverite

The city of Denver has announced that its Basic Income Program, aimed at providing regular stipends to people experiencing homelessness, is now open to migrants meeting specific criteria. Launched in 2021 with $2 million in funding from the city, the program extended for an additional six months starting February 2024. Denver’s commitment to addressing homelessness includes a significant allocation of $4 million from the federal American Rescue Plan Act.

Photo from: Denverite

Inclusive Support for the Homeless

The Denver Basic Income Program, recognized as the most significant initiative in the country, has been a beacon of financial support for over 800 individuals and families experiencing homelessness. 

Since its inception, the project has disbursed more than $6.5 million in direct cash payments. The recent announcement extends this support to an additional 39 participants.

The program’s payments, varying between $50 and $1,000 per month, along with a one-time cash transfer of $6,500 and 11 monthly payments of $500, underscore the flexibility designed to meet the diverse needs of participants. Eligibility criteria initially focused on women, families, transgender individuals, and gender non-conforming individuals, but they broadened to include migrants.

READ ALSO: Child Tax Credit 2024: Updates On Start Date, Proposed Changes, And Eligibility Criteria

Funding and Political Context

Denver’s commitment to combating homelessness is evident in its allocation of $2 million from the city and $4 million from the federal American Rescue Plan Act. The city’s innovative approach to universal income, irrespective of housing status, showcases a holistic strategy to address economic disparities.

The move comes amid political scrutiny, with Texas Governor Greg Abbott designating Denver as a destination for migrants bused from Texas. The city, a sanctuary city, has welcomed this inclusive approach despite facing criticism. Since April 2022, over 11,100 migrants have been transported to Denver, highlighting the pressing nature of addressing housing and economic challenges.

READ ALSO: Tax Season 2024: Early Filings And Refund Expectations For Kentucky Taxpayers

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