Stimulus update: Applications for $500 in monthly payments for two years to open in five days

Applications are only five days away from opening for a pilot guaranteed income program in Alexandria, Virginia, featuring $500-a-month payments for two years.

Officials will accept applications between Oct. 31 and Nov. 9 for Alexandria’s Recurring Income for Success and Equity program, which will randomly select 170 eligible applicants for the initiative.

STIMULUS UPDATE: APPLICATIONS FOR $500 IN MONTHLY PAYMENTS FOR TWO YEARS TO OPEN IN SIX DAYS

“We are providing financial resources to individuals and families so they are empowered to decide how to best meet the needs in their lives. We are creating this unique program to evolve the ways that we assist our neighbors in need of extra support. That is what ARISE is about,” Mayor Justin Wilson said in a press release.

Individuals must be within the designated income threshold, which ranges between $49,850 for households of one to $82,550 for households of six. The Department of Community and Human Services will help administer the program.

In addition to the income threshold, applicants must also be 18 and older to apply and there are no work criteria required.

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Funding for the program will partly come from pandemic funds. Applicants can receive payments through the methods they prefer.

Similar pilot programs have sprung up across the United States over recent years including in Los Angeles and San Diego. Guaranteed income programs are distinct from universal basic income programs because they tend to target specific low-income groups as opposed to entailing broad payment schemes.

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