Several states and counties have begun experimenting with basic income programs following the COVID-19 pandemic. Now another American city is starting a basic income program, and that’s Baltimore. Under the program, young parents would receive a monthly $ 1,000 stimulus check from Baltimore. Eligible parents would receive the monthly stimulus check over a two-year period.
Stimulus check from Baltimore: Who gets them?
Baltimore’s basic income program, called the Baltimore Young Families Success Fund, focuses on young parents. Under the program, 200 young parents will receive $ 1,000 a month over a two-year period. The primary purpose of the program is to offer an unconditional monthly cash payment to improve the existing social safety net.
“The Baltimore Young Families Success Fund (BYFSF) will increase financial mobility, improve access to resources for children and families, and provide the financial and emotional stability needed to pursue opportunities and plan for the future,” the programme’s website states.
To issue these $ 1,000 stimulus checks from Baltimore, Mayor Brandon Scott has allocated $ 4.8 million in American Rescue Plan Act funds to the plan. The plan is a collaboration between the City of Baltimore, the Mayors for a Guaranteed Income (MGI) and others.
“This program will greatly improve the financial stability and economic opportunities for the residents by putting money directly in the hands of the recipients so that they can put funds into the things they need most,” Mayor Scott said in a statement.
To apply for the Baltimore Young Families Success Fund, applicants must reside in the city of Baltimore, aged 18 to 24 at the time of application, have an income below or below 300% of the federal poverty level and be either biological or adoptive parents or guardians with full or partial care responsibility.
In addition, applicants must answer all eligibility questions, complete the application and give their approval to participate in the survey.
How does the program work?
The authorities will use a randomized lottery system to select 200 participants from among all eligible applicants. For the lottery, applicants will be divided into four groups – Group A, Group B, Group C and Group D.
Group A will include 70 people, and recipients will receive a monthly payment of $ 1,000 for 24 months. Group B will include 130 people and recipients will receive a monthly payment of $ 1,000 for 24 months.
Group C will include 156 people and they will not receive any monthly payments but will be eligible for incentives. Group D will include the remaining applicants.
Individuals in group A will be part of a “narrative cohort” and will share their experiences. Group B and C persons will be part of the research study and must participate in studies and interviews.
Visit the city’s website for more details on the Baltimore Young Families Success Fund and to apply.