UBI payments have become more popular, with many cities offering their own program. One city will send eligible Americans $12,000 in payments.
UBI stands for Universal Basic Income, and it gives people automatic recurring payments for a certain amount of time.
One place giving them out is in Alexandria, Virginia, where payments are $500 per month for two years. In all, the payments will total $12,000.
Alexandria, Virginia UBI payments totaling $12,000
According to The Sun, the payment program was created to help those struggling financially.
The program is called ARISE and you can start submitting applications on Monday.
170 residents will be chosen using a random lottery system.
Those who are chosen can expect payments each month worth $500 for 24 months. The first payment will go out in January of 2023.
The money does not need to be spent in any specific way like food stamps are.
In order to qualify, you must be 18 or older with an income that is at or below 50% of the AMI.
Applications are open from October 31 through November 9.
If your application was successful then you will be notified between November and December.
Those who collect Social Security payments will not see their payment impacted from the UBI program payments.
This is also true for residents that receive Temporary Assistance for Needy Families (TANF), Low Income Home Energy Assistance Program (LJHEAP), and child care help.
ARISE stands for Alexandria Recurring Income for Success and Equity program.
Aside from the 170 chosen to receive the payments, another 210 will be chosen to be apart of a focus group. These people won’t see monthly payments but they could see cash for participating in surveys.
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