A guaranteed income pilot program is launching in one US county amid rising cases of homelessness.
The program, known as Stabilize Families, is backed by the nonprofit RISE Together Innovation Institute and the Community Shelter Board in Franklin County, Ohio, reports The Columbus Dispatch.
[adinserter block="1"]The Community Shelter Board will give 80 families a one-off cash handout of $1,500, while RISE Together Innovation Institute will offer monthly payments of $500 to 20 families for 11 months.
Data collected by the Community Shelter Board reportedly shows homelessness in Franklin County in 2024 went up six times faster than the population growth. As of January 23rd, according to the report, there were 2,556 homeless people in the Ohio county, up by 7.4% from 2024.
Community Shelter Board’s president and CEO Shannon Isom says the guaranteed income pilot program is “about dignity” and will give the beneficiaries “breathing room to stabilize, plan, and dream again.”
The report cites RISE Together Innovation Institute’s CEO Danielle Sydnor saying,
“Guaranteed income is a viable strategy to promote economic stability and well-being for residents in Franklin County.”
According to the report, Ohio State University will be involved in the guaranteed income pilot program and will conduct research on the project’s impact on beneficiaries and the community.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
