Stimulus check update: Deadline to apply for direct monthly payments worth $500 open in 22 days
Misty Severi
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A new guaranteed income program in Massachusetts, which will give recipients monthly payments of $500, will begin accepting applications in just over three weeks.
The payments are intended to help households with at least one child and are being funded by a $22 million commitment from Cambridge, Massachusetts. Recipients selected for this program, which has been titled Rise Up Cambridge, will be given $500 once a month for 18 months, giving recipients a total of $9,000 overall.
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Applications for the program will open on June 1 and close on July 31, with applications being approved on a rolling basis.
To be eligible for this program, applicants must be a resident of Cambridge, be at least 18 years old, and have at least one person in their household under the age of 21. Additionally, the household must have an income at or below 250% of the federal poverty level.
The income for a household’s eligibility varies depending on how many people live in a household. Households of two people will be eligible if they make no more than $49,300 a year, while households of three will be eligible if the annual income does not go over $62,150, with the income limit increasing slightly with every additional household member.
In addition to receiving the monthly payments, recipients can make additional money by participating in voluntary surveys or by documenting their experiences during the program. These surveys will be optional, but those who partake in them are expected to be compensated for the time spent on the surveys and documents.
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The money recipients get from the monthly installments will not need to be reported as taxable income.
Additional information regarding this program can be found on the Rise Up Cambridge website.