An extra $500 a month — with no strings attached — is coming to 110 randomly selected Providence households this fall as part of a guaranteed income pilot program, paid for with $1.1 million from local nonprofits.
“Five-hundred dollars a month, with no strings attached, for the next 12 months,” Mayor Jorge Elorza told reporters. “Because if there’s one thing that causes poverty, it’s the lack of money.”
Households that apply will be randomly selected through a lottery and must be at or below 200% of the federal poverty line, about $53,000 for a family of four or $25,760 for a single person. Applications will be collected online and through the mail from Aug. 15-21, with money expected to start going out in October.
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