Stimulus update: Deadline revealed to apply for direct $500 cash payments
Asher Notheis
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Chicago residents interested in receiving some extra money can potentially get $500 if they fill out a program application before New Year’s Eve.
The program, titled Chicago Resiliency Fund 2.0, will give up to 25,500 eligible Chicago residents a one-time payment of $500. The money is intended to support people who had trouble qualifying for federal relief payments in 2020, such as COVID-19 relief funds. The program is currently accepting applications from households that filed 2019 taxes with claimed dependents who are at least 17, according to the Heartland Alliance organization.
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To be eligible for this program, applicants must be at least 18 or older and be residents of the city of Chicago. Additionally, applicants must have their income level be at or below 300% of the Federal Poverty Level.
The Federal Poverty Level will vary for applicants based on the number of people within their household. For people with one person, the FPL will be $40,770, and for applicants with two people, it will be $54,930, with the amount gradually increasing for every person in a household. For applicants with more than eight people in their household, the amount will be $139,890 plus $4,720 for every person beyond eight.
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Applications have been accepted for this program since Oct. 31, and will continue to be accepted until Dec. 31. Recipients will then be selected for this program via a lottery.
Anyone interested in applying can do so online, and any questions they might have can be answered by calling or texting 312-460-2564.