Monthly direct payments of $1,000 going out to parents NOW — do you qualify for the cash?

PARENTS in Baltimore will soon get some much-needed relief in the form of monthly $1,000 payments for the next two years.

It comes as soaring costs due to inflation are escalating the financial burden young parents face.

Up to 200 young Baltimore, Maryland parents will receive $1,000 a month for 24 months due to a new pilot initiative aimed at helping achieve financial security

1

Up to 200 young Baltimore, Maryland parents will receive $1,000 a month for 24 months due to a new pilot initiative aimed at helping achieve financial securityCredit: Getty

The payments are part of a guaranteed income pilot program implemented in Baltimore, Maryland, called the “Baltimore Young Families Success Fund” (BYFSF).

The city finished identifying and onboarding qualified recipients and began processing payments on Monday, August 15, according to Baltimore’s Mayor, Brandon Scott.

Funds will soon hit approved recipients’ bank accounts or pay cards.

“Guaranteed income programs are proven time and time again to enhance recipients’ wellbeing, and I am excited to see the impact that these dollars will have in the lives of young families in need”, Mr Scott said.

New plan to give $6,000-a-year to families – do you qualify?
Struggling Americans to get $1,000 UBI payments for a year

Who is eligible?

The BYFSF provides 200 young parents, between 18 and 24 years old, with an unconditional cash payment of $1,000 per month over 24 months to deliver financial relief to their families.

Applicants must also have met the following criteria:

  • Be a resident of Baltimore City
  • Be 18-24 at the time of the application deadline
  • Be either biological or adoptive parents, or guardians
  • Have full or partial care-taking responsibilities
  • Have income at or below 300% of the federal poverty level based on their household size.

The Health and Human Services federal poverty levels set for 2022, based on household size are as follows:

  • One member – $13,590
  • Two members – $18,310
  • Three members – $23,030
  • Four members – $27,50
  • Five members – $32,470

How recipients were selected

Eligible applicants were placed into a randomized lottery to select the 200 recipients, per the mayor’s statement.

The applicants were placed into one of the four following groups:

  • Group A – 70 individuals selected for a storytelling cohort to share their experiences with guaranteed income. This group will receive a monthly payment of $1,000 for 24 months.
  • Group B – 130 individuals selected for a research study, including both quantitative surveys and qualitative interviews. This group will receive a monthly payment of $1,000 for 24 months.
  • Group C – 156 individuals selected as a control group for the research study. This group will not receive monthly payments -but will be eligible for incentives for participation in the research activities.
  • Group D – The remainder of the applicants were not selected for any program portion, including the payments and research.

During the onboarding process and initial benefits counseling, recipients said they intended to use the payments to pay for career training classes and other means to achieve financial stability.

BYFSF said it will also provide benefits counseling throughout the program.

The city will use $4.8million in American Rescue Plan Act funds to directly distribute funds to recipients.

Similar programs across the country

The idea of a guaranteed income program has become popular in many states.

For example, in Alexandria, Virginia, a guaranteed income pilot program gives 150 participants $500 a month for two years.

This program runs through December 2023.

Struggling families in Phoenix, Arizona, are receiving $1,000 debit cards for one year.

To be eligible, a family of four’s earnings cannot exceed 80% of the median income for the area, which is $63,200.

A total of 5,000 low-income people are getting $500 a month for one year as part of Chicago’s Resilient Communities pilot program.

The first recipients started receiving the direct payments in July.

The city said it’s the largest guaranteed income program in the country.

Meanwhile, applications for a new program in the city of Evanston, Illinois, opened on Monday.

This will also offer selected participants $500 a year.

I was called 'loser' at school - now I'm a MILLIONAIRE at 20 thanks to side hustle
Sister Wives' Kody makes sneaky financial move with 'favorite' wife Robyn

Here’s more on how some Americans stand to save up to $10,000 thanks to President Biden’s Inflation Reduction Act, signed into law.

Plus, the direct payments still to go out this year.

Leave a Reply

Your email address will not be published.

mersin escort antalya escort bursa escort antalya escort istanbul evden eve nakliyat fethiye escort escort bayan