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The second phase of the guaranteed income pilot programme Oakland Resilient Families has begun, benefiting an additional 300 families.
A total of 600 families in Oakland, California, will receive a monetary gift that they can spend anyway they see best. The monies are provided through charitable donations and community-based organisations in the region. The first phase of the project began in the spring of 2021, with the objective of filling 300 posts.
People earning at or below 50% of the regional median income, which organisers estimate to be roughly $59,000 per year for a family of three, were eligible to apply during that time period. Half of the spots were reserved for families earning less than 138 percent of the federal poverty threshold, or around $30,000 per year.
Undocumented residents and families without shelter were also welcome. All applicants had to live within a one-mile radius of East Oakland. From a pool of candidates, families were picked at random to receive a $500 monthly stipend for 18 months.
The application period for Phase 2 of the program began in October 2021, and participants will now begin receiving the same amount of remuneration.
Who Qualifies for the Program?
The second phase of Oakland Resilient Families was open to any Oakland family with at least one dependent child under the age of 18. The annual income of a household may not exceed 138 percent of the federal poverty threshold.
To select qualified candidates, a lottery was employed.
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Who Benefits from the Money?
The organisation claims that 43 percent of the 600 individuals identify as African-American or Black.
Hispanic or Latino families were the second-largest demographic, with 38% getting guaranteed income, followed by Asian families with 7% receiving guaranteed income.
The bulk of participants are women, with around 83 percent of them being female. The payments, according to the organization, are considered gifts rather than income and should have no tax ramifications for participants.
All of the cities in the United States that have a universal or guaranteed income program are included.
The story of a lady who first misunderstood the program for a scam but now makes $1,000 per month is also recounted.