There are 10 more days until a new guaranteed income program in Massachusetts, which will give selected participants monthly payments of $500, will begin accepting applications.
The applications for the program, titled Rise Up Cambridge, will open on June 1 and close on July 31, with applications approved on a rolling basis.
A LOOK AT WHAT PROGRAMS COULD BE AFFECTED IF THE US DEFAULTS ON ITS LOANS
The payments are intended to help households with at least one child and are being funded by a $22 million commitment from Cambridge, Massachusetts. Recipients selected for the program will be given monthly installments for 18 months, for a total of $9,000 each.
To qualify for the program, an applicant must be a resident of Cambridge, be at least 18 years old, and have at least one person in his or her household under the age of 21. Additionally, the household must have an income at or below 250% of the federal poverty level. It is the only citywide cash aid program in the United States.
The income requirement for a household’s eligibility depends on how many people live in a household. Households of two people will be eligible if they make no more than $49,300 a year, and households of three will be eligible if their annual income does not go over $62,150. The income limit increases slightly with every additional household member.
In addition to receiving the monthly payments, recipients can make additional money by participating in surveys or by documenting their experiences in the program. These surveys or documents will be optional, but those who partake in them will be compensated for the time spent on the projects.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
The money recipients get from the monthly installments will not need to be reported as taxable income.
Additional information regarding this program can be found on the Rise Up Cambridge website.
