Applications have recently opened for a new guaranteed income program.
Families in Madison, Wisconsin will now get $500 monthly payments for a year.
Who is eligible?
A new guaranteed income program will send monthly payments worth $500 to 155 Madison, Wisconsin families. The additional income won’t have restrictions on how it can be used. Applications have already opened and you can apply until July 3, 2022.
Families that have been selected will be notified around mid-July. Payments should begin in August or September.
In order to be eligible, families must have at least one child under 18 in the household and have an income less than 200% of the federal poverty level. In 2022, the cutoff would be $55,500 for a family of four.
The Madison Forward Fund was launched to help families make ends meet during times of high inflation. The city will distribute $930,000 in direct payments to residents.