Tech giant Google is supporting a groundbreaking project that guarantees income for families in need. The initiative, called “It All Adds Up,” will provide a total of $2.7 million to 225 homeless families in San Francisco. Over a period of five years, each family will receive $1,000 per month for the first year.

The high cost of living in San Francisco makes it extremely difficult for families to afford housing. The program aims to alleviate this burden by providing a guaranteed income, allowing families to meet their basic needs and think about their future beyond day-to-day survival.

Similar pilot programs have been launched across the United States, but this will be the first of its kind in the Bay Area. An additional 225 families will serve as a control group for the study and will receive $50 per month for a year.

Families who have utilized the Compass Family Services or Hamilton Families housing programs are eligible to participate in the program. They will have the freedom to use the money as they see fit, while researchers will collect data from surveys and administrative sources to assess the impact of the program.

Google.org, the philanthropic arm of Google, and The Abdul Latif Jameel Poverty Action Lab are providing support for this initiative. This collaboration aims to address the issue of homelessness and housing stability in the Bay Area.

By investing in this guaranteed income project, Google is demonstrating its commitment to making a positive impact on society. The program has the potential to uplift families and provide valuable insights into the effectiveness of such initiatives in addressing housing instability.