Under a yearlong, $1 million guaranteed income pilot program that cleared a key Austin City Council vote, the city will send monthly checks of $1,000 to 85 low income households. The families who receive the checks will be free to decide how to spend the money, including spending it on rent or mortgage payments, food, transportation and utilities.
Austin Mayor Steve Adler said in a tweet:
I am supporting a guaranteed basic income pilot program in Austin to help working people and families become more resilient to financial emergencies, make rent, cover childcare and put food on the table. We can find people moments before they end up on our streets and prevent them, divert them from being there. That would be not only wonderful for them, it would be wise and smart for the taxpayers in the city of Austin because it will be a lot less expensive to divert someone from homelessness than to help them find a home once they’re on our streets
According to a recent study, Austin, Texas has seen the highest percentage increase in rent prices among all U.S. metro areas. The study, conducted by Redfin, said average rents in Austin have skyrocketed by 40% from February 2021 — more than double the national average increase of 15% year over year.
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