A city on the West Coast is preparing to roll out a new guaranteed income pilot program.

The Pomona Household Universal Grants (HUG) Pilot Program is a one-and-a-half-year project giving $2.376 million to selected parents near Los Angeles.

The program will pick a total of 600 applicants that will be separated into two cohorts.

For the first group, the project will select 250 applicants who will receive a monthly $500 payment for 18 months. The second group will be made up of 350 participants who will receive a monthly allowance of $20 for the same number of months.

Signups are open and will remain active until July 8th.

To qualify, an applicant must be a resident of the city at time of application, at least 18 years old and a parent or a legal guardian of a child younger than four years old. On top of the basic eligibility qualifications, the person must meet one of four American Rescue Plan Act (ARPA) requirements including living within a qualified census tract, receiving another government benefit as well as having witnessed difficulty during the Covid-19 pandemic and having an income at or below 65% of the area median income, roughly equivalent to $72,150 for a household of two.

All applicants must also agree to be part of a study conducted by the University of California, Los Angeles (UCLA). A bonus payment of $50 will be given to participants for each completed survey.

 

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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $2,376,000 in Free Money Up for Grabs As US City Launches Universal Income Pilot Program appeared first on The Daily Hodl.

A city on the West Coast is preparing to roll out a new guaranteed income pilot program.

The Pomona Household Universal Grants (HUG) Pilot Program is a one-and-a-half-year project giving $2.376 million to selected parents near Los Angeles.

The program will pick a total of 600 applicants that will be separated into two cohorts.

For the first group, the project will select 250 applicants who will receive a monthly $500 payment for 18 months. The second group will be made up of 350 participants who will receive a monthly allowance of $20 for the same number of months.

Signups are open and will remain active until July 8th.

To qualify, an applicant must be a resident of the city at time of application, at least 18 years old and a parent or a legal guardian of a child younger than four years old. On top of the basic eligibility qualifications, the person must meet one of four American Rescue Plan Act (ARPA) requirements including living within a qualified census tract, receiving another government benefit as well as having witnessed difficulty during the Covid-19 pandemic and having an income at or below 65% of the area median income, roughly equivalent to $72,150 for a household of two.

All applicants must also agree to be part of a study conducted by the University of California, Los Angeles (UCLA). A bonus payment of $50 will be given to participants for each completed survey.

 

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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $2,376,000 in Free Money Up for Grabs As US City Launches Universal Income Pilot Program appeared first on The Daily Hodl.