$1,200,000 To Be Handed Out With No Strings Attached As Guaranteed Income Program Launches in US City
Programs designed to help people and families that are strapped for cash are expanding across the US at a rapid rate.
A city in California is now set to give away over a million dollars in free money to families via an expanded guaranteed income program.
The expanded Long Beach Pledge Guaranteed Income Pilot is a one-year, $1.2 million program aimed at families with children and multiple income earners who are living below the federal poverty level.
Specifically, the program is looking for applicants who reside in the following zip code: 90802, 90804, 90805, 90806 or 90810.
The signup process began at the start of the year and will remain open until January 24th. The chosen families will receive $500 in monthly payments for one year.
The expanded program will receive funding through the city’s homelessness emergency proclamation. In January last year, the Long Beach City Council unanimously voted to allocate $90 million to address the city’s homelessness crisis.
Government officials believe that through the Long Beach Pledge, the city is investing in “innovative solutions to prevent families from becoming homeless.”
Says Mayor Rex Richardson in a press release,
“From the first cohort of this program, we learned more about the extent of the financial and housing insecurities residents face locally. Through the program’s expansion, we are continuing to provide critical financial support to families most in need. I encourage all eligible residents to apply so they can receive financial support for everyday necessities.”
The Long Beach Pledge, which launched in 2022, is currently giving away $500 in monthly payments to its first cohort of 250 families living in the 90813 zip code. The program targeted households with a single-income earner.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post $1,200,000 To Be Handed Out With No Strings Attached As Guaranteed Income Program Launches in US City appeared first on The Daily Hodl.
Go to Source
Author: Henry Kanapi
