Major US City Allocates $32 Million to Residents as Guaranteed Income Program Gets a Fresh Start
A multimillion-dollar basic income program is set to be relaunched in a major US city, providing direct cash assistance to its residents. Mayor Brandon Johnson is dedicating $32 million to revive the Chicago Resilient Communities pilot, according to CBS News. The program aims to distribute $500 per month for a year to families facing financial difficulties. The funding for this initiative will come from the $1.9 billion allocated to the city through President Biden’s American Rescue Plan Act (ARPA) in 2021. By relaunching the guaranteed income program, Chicago hopes to utilize the remaining ARPA funds instead of returning them to the federal government next year. The original Chicago Resilient Communities program was launched in 2022 by former Mayor Lori Lightfoot to provide support to 5,000 low-income households affected by the pandemic. The qualification details for the revamped program have not been disclosed by the Johnson administration. However, in the original pilot, participants had to be Chicago residents aged 18 or older, with a family income at or below 250% of the Federal Poverty Line, and facing financial difficulties due to the Covid-19 pandemic. The exact number of families that will benefit from the monthly $500 payment in the relaunched program remains unknown.