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$10 Million Basic Income Program Unveiled, Offering Monthly Payments for 18 Months: Empowering Lives

(Photo from: ABC10)

An innovative $10 million guaranteed basic income program from the Inland SoCal United Way helps needy Inland Empire communities. This program provides monthly direct payments to applicants to use as they see appropriate to create a financial safety net. Over 18 months, the no-strings-attached monetary aid will change eligible participants’ lives.

$10 Million Basic Income Program Unveiled, Offering Monthly Payments for 18 Months: Empowering Lives (Photo from: ABC10)

Basic Income Program Pilot Details

The program will cater to two specific categories of individuals – 500 pregnant women in their first six months of pregnancy will receive monthly payments of $600, while 120 former foster youth will benefit from $750 monthly. The allocation of funds without any restrictions empowers recipients to address their unique needs and challenges.

Recognizing the significance of early support, Zachary Ginder, the First 5 Riverside County Commission Chair, emphasizes the program’s focus on creating meaningful change in the lives of Riverside County children and families. The evidence-informed and innovative approach reflects a commitment to nurturing child health and future success from the prenatal stage.

To be eligible, recipients must meet specific criteria, including a minimum age of 18 and a maximum household income below $90,916. The pilot basic income program extends its coverage to residents of San Bernardino and Riverside counties, requiring eligible individuals to be referred through a Guaranteed Income (GI) partner agency.

READ ALSO: Tax Refund Schedule 2024: Get Ready To Secure Your Cash Faster With The Latest IRS Announcements

Access and Alternatives

While the basic income program addresses the needs of specific demographics, the article encourages those who may not be eligible to explore alternative programs in their area. For instance, expectant mothers in New York can sign up for a similar initiative offering $750 monthly cash support.

Additionally, the IRS provides tax credits of up to $2,000 based on family size, and residents are advised to check for eligibility in a $100 million Verizon settlement. The landscape of financial assistance programs continues to evolve, offering diverse avenues for individuals to secure support.

READ ALSO: 2024 Stimulus Check Update: Offering $20.5 Million With $500 Monthly Payments To Eligible Needy Residents

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