BPOI Banner
$18,000,000 Allocated for 'No Strings Attached' Guaranteed Income Payments in Major US City $18,000,000 Allocated for 'No Strings Attached' Guaranteed Income Payments in Major US City

$18,000,000 Allocated for ‘No Strings Attached’ Guaranteed Income Payments in Major US City

A guaranteed income program on the West Coast is preparing to hand out millions of dollars to support at-risk youth.

Los Angeles County’s guaranteed income program Breathe is expanding, set to hand out around $18 million with no strings attached to people transitioning out of the foster care system.

The program is gearing up to double the number of participants.

“The program’s expansion, adopted by the Board of Supervisors (Los Angeles County’s governing body) on Tuesday, August 6th, will provide 2,000 foster youth between the ages of 18 and 21 with $500 monthly or $1,500 quarterly stipends for up to 18 months.”

To qualify, applicants must be a former Los Angeles County Department of Children and Family Services’ foster youth. Further, applicants must,

“- Live in a Los Angeles County neighborhood that falls at or below 100% of the County’s Area Median Household Income (AMI)

– Have a household income that falls at or below 100% of the County’s AMI, for a single person household

OR

– Have a household income that falls at or below 120% of the County’s AMI for households with two or more persons (see Income Eligibility Table below)

– Have been negatively financially impacted by the COVID-19 pandemic

– Not be currently enrolled in another Guaranteed Income project offered by the County, a city, or other public or private entity.”

According to a study conducted the University of Pennsylvania’s Center for Guaranteed Income Research, previous beneficiaries of the Breathe program used the no-strings-attached cash primarily to purchase food, groceries, and household goods, resulting in a reduction of economic stress for participants.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Mark Emem

https://dailyhodl.com/2024/08/16/18000000-allocated-for-no-strings-attached-guaranteed-income-payments-in-major-us-city/

2024-08-16 19:14:13

bitcoin
Bitcoin (BTC) $ 95,011.46 2.20%
ethereum
Ethereum (ETH) $ 3,311.89 2.17%
tether
Tether (USDT) $ 0.996181 0.33%
xrp
XRP (XRP) $ 2.18 4.09%
bnb
BNB (BNB) $ 675.89 1.13%
solana
Solana (SOL) $ 181.49 2.56%
dogecoin
Dogecoin (DOGE) $ 0.310381 3.56%
usd-coin
USDC (USDC) $ 0.998523 0.19%
staked-ether
Lido Staked Ether (STETH) $ 3,310.38 1.95%
cardano
Cardano (ADA) $ 0.880353 3.48%
tron
TRON (TRX) $ 0.248371 0.43%
avalanche-2
Avalanche (AVAX) $ 36.37 4.60%
chainlink
Chainlink (LINK) $ 22.65 0.63%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,942.06 1.84%
the-open-network
Toncoin (TON) $ 5.39 1.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,822.41 2.13%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.27%
sui
Sui (SUI) $ 4.24 5.31%
stellar
Stellar (XLM) $ 0.354298 3.37%
polkadot
Polkadot (DOT) $ 6.91 2.46%
hedera-hashgraph
Hedera (HBAR) $ 0.272278 3.21%
weth
WETH (WETH) $ 3,317.90 1.91%
hyperliquid
Hyperliquid (HYPE) $ 26.50 21.36%
leo-token
LEO Token (LEO) $ 9.46 2.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 436.84 4.47%
uniswap
Uniswap (UNI) $ 13.57 3.42%
litecoin
Litecoin (LTC) $ 101.29 1.52%
pepe
Pepe (PEPE) $ 0.000018 2.83%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,500.98 1.79%
near
NEAR Protocol (NEAR) $ 5.09 0.41%
ethena-usde
Ethena USDe (USDE) $ 0.996368 0.37%
bitget-token
Bitget Token (BGB) $ 4.08 2.83%
usds
USDS (USDS) $ 1.00 0.19%
aptos
Aptos (APT) $ 9.09 4.54%
aave
Aave (AAVE) $ 333.00 8.40%
internet-computer
Internet Computer (ICP) $ 10.01 1.70%
crypto-com-chain
Cronos (CRO) $ 0.152765 4.65%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.474439 2.88%
mantle
Mantle (MNT) $ 1.18 1.20%
ethereum-classic
Ethereum Classic (ETC) $ 26.15 1.72%
vechain
VeChain (VET) $ 0.045683 2.90%
render-token
Render (RENDER) $ 7.05 3.53%
monero
Monero (XMR) $ 191.21 0.36%
whitebit
WhiteBIT Coin (WBT) $ 24.37 0.04%
dai
Dai (DAI) $ 0.998231 0.23%
mantra-dao
MANTRA (OM) $ 3.51 6.73%
bittensor
Bittensor (TAO) $ 449.83 4.19%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.26 2.52%
arbitrum
Arbitrum (ARB) $ 0.757031 1.50%
kaspa
Kaspa (KAS) $ 0.118029 3.47%