Virginia residents have three days until applications open for a state-sponsored program that would provide a guaranteed monthly income over the next two years.
The program, meant for residents in Alexandria, Virginia, will give $500 per month to recipients over the next two years. Between Oct. 31 and Nov. 9, officials will accept applications for the Alexandria Recurring Income for Success and Equity program, which will then randomly select 170 applicants to receive the money.
STIMULUS UPDATE: APPLICATIONS FOR $500 IN MONTHLY PAYMENTS FOR TWO YEARS TO OPEN IN SIX DAYS
“We are providing financial resources to individuals and families so they are empowered to decide how to best meet the needs in their lives. We are creating this unique program to evolve the ways that we assist our neighbors in need of extra support. That is what ARISE is about,” Mayor Justin Wilson said in a press release.
The payments will partly come from funds that were made available through pandemic aid, and recipients can get their money via paper check or direct deposit.
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In order to be eligible, applicants must be within the income threshold, ranging from $49,850 for households of one to $82,550 for households of six. Individual applicants need to be 18 or older, and the program has no work requirements.
Similar programs have emerged nationwide in recent years, especially after the economic strains brought on by the COVID-19 pandemic. Guaranteed income programs are different from universal basic income, as they target groups with low income instead of providing broad payment schemes.
