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Sacramento County Launches New Universal Basic Income Initiative
Sacramento, California – Residents in Sacramento County have a fresh opportunity to benefit from a guaranteed income program.
This initiative is aimed at supporting those in historically underfunded communities to meet their essential daily needs.
New Round of Guaranteed Income
Eligible residents can now submit applications for a chance to receive a monthly stipend of $500. This unconditional assistance will be provided to 130 households for a duration of one year.
Funding the Program
The allocation of funds for this groundbreaking initiative is a combination of two sources. The American Rescue Plan Act, a federal effort to aid Americans during tough economic times, and a generous donation from the Sierra Health Foundation, have collectively made $1 million available for this program.
Aiding Historically Marginalized Communities
The overarching objective of the universal basic income initiative is to give a financial boost to populations that have historically been devalued and not sufficiently invested in.
These funds can aid beneficiaries in covering essential costs, such as childcare, food, and housing.
Important Dates to Remember
Prospective participants should mark their calendars. The application deadline is nearing, with forms due by October 31. After a review period, the initial payments are scheduled to be distributed to the selected households on January 1, 2024.
For those interested in applying or learning more, information is readily available on Sacramento County's official website.