Families in Baltimore will get more help to deal with the inflation. The program aims to help families cope with the rising cost of living.
The recipient identification and onboarding process got completed on August 15. The funds will soon go out to approved bank accounts or payment cards. The program got named the "Baltimore Young Families Success Fund" (BYFSF). It is a guaranteed income pilot program implemented in Baltimore, Maryland. It will give money to recipients for the next two years. (source)
Brandon Scott is Baltimore's Mayor. He made this statement about the program. (source)
"Guaranteed income programs are proven time and time again to enhance recipients’ wellbeing, and I am excited to see the impact that these dollars will have in the lives of young families in need."
The program gives eligible families $1,000 for two years. Another benefit is counseling throughout the two years. The city used funds from the $4.8 million American Rescue Plan Act to put on the program. (source)
The BYFSF provides 200 young parents between 18 and 24 years old with financial relief. The persons picked also had an income at or below 300% of the federal poverty level. Another rule was that the parents have full or partial care-taking duty for the children. The approved program participants got selected at random. (source)
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*Disclaimer: This article is for informational purposes only. This article got written using accredited media reports.*