A new guaranteed income program will provide $500 monthly payments to eligible low-income families in Cambridge.
New Guaranteed Income Program Will Provide Relief to Eligible Cambridge Residents for 18 Months
Following the success of its pilot program, the new guaranteed income program called “Rise Up Cambridge: Cash Payments for Families with Kids” will provide relief to several eligible low-income families in Cambridge for 18 months.
The new guaranteed income program will aim to fight the increasing rates of poverty cases in the city by providing $500 monthly payments under the $22 million budget to make the program permanent for eligible low-income families.
According to WBUR reports, the new guaranteed income program will also seek to reach eligible low-income families who need financial assistance but never receive direct payments from other relief programs.
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Eligible Low-Income Families Will Receive Relief Under New Guaranteed Income Program in Cambridge
The low-income families in Cambridge who will apply to the new guaranteed income program must have children aged below 21 and earning at or under the 250% federal poverty level to be eligible for the $500 monthly payments.
Several eligible low-income families are encouraged to apply until July 31 and will expect to receive their monthly payments via direct deposit under the new guaranteed income program.
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