600 families will soon start to see stimulus UBI payments worth $500 per month in Oakland, California.
This will happen with a program called Oakland Resilient Families, a guaranteed income pilot program in the city.
Guaranteed income programs are also known as UBI programs and work similarly to stimulus payments.
The difference between stimulus payments and UBI payments is that stimulus payments are a one time payment.
UBI payments are recurring payments whether it happens weekly, monthly, or yearly.
The Oakland Resilient Families website states that their goal is to “provide monthly cash payments directly to families, without limitations on how the money can be spent.”
More about this stimulus UBI payment program
600 randomly selected families in the city of Oakland will be chosen to participate in the program.
The goal is to target low income families.
Families selected must have at least one child under the age of 18 years old.
Selected families can expect $500 monthly payments for at least 18 months.
The reason for this program is to help families with generational wealth inequality benefit after facing systemic racism.
How the stimulus UBI payments will work
Families will be able to apply online for the program.
Selected families will see the $500 payments each month for a year and a half.
This is a first come first serve program open to undocumented residents and residents without homes.
Anyone meeting eligibility requirements may apply.
Groups helping the project include UpTogether, Mayors for a Guaranteed Income, and Oakland Thrives.
How will families see payments?
Those selected with see their payments via direct deposit.
Other ways to see the payments include a physical or virtual UpTogether Card.
Families can spend the money however they want and will not need to pay it back.
The payments are grants.
This means they are not income.