Chicagoans affected by the financial disaster unleashed by the COVID-19 pandemic can apply beginning at 9 a.m. April 25 to enter a lottery to get $500 monthly for a yr, Mayor Lori Lightfoot introduced Wednesday.
This system, which is predicted to incorporate 5,000 Chicago households, will research whether or not a common primary revenue may scale back poverty within the metropolis. Functions will shut at 11:59 p.m. Could 13. Just one individual per family can apply, officers mentioned.
The Chicago Metropolis Council earmarked $31.5 million in federal funds designed to assist town get well from the COVID-19 pandemic for this system amid calls to determine a common primary revenue to cut back inequity and crime in October as a part of the 2022 finances.
On the time, Chicago’s program would have been the biggest within the nation. However since then, Cook dinner County Board President Toni Preckwinkle introduced a plan to make use of $42 million to ship money help funds to county residents struggling to emerge from the pandemic.
Chicago’s program was sluggish to get off the bottom as metropolis officers looked for a nonprofit group to manage this system. Chicago chosen GiveDirectly, a agency working in Africa and the USA, and Denver-based AidKit to manage this system, the mayor’s workplace introduced.
Metropolis officers additionally tapped the YMCA of Metropolitan Chicago in addition to the Heart for Altering Lives, Phalanx Household Companies, Pui Tak Heart, Spanish Coalition for Housing and the United African Group to make sure Chicagoans in want get a chance to use for this system.
To be eligible for the money help program, individuals should dwell in Chicago, be older than 18, have skilled “hardship to because of COVID-19” and dwell in a family that earns not more than 250% of the federal poverty stage, or $69,375 for a household of 4, officers introduced.
Households incomes lower than the federal poverty stage, which is $27,750 for a household of 4, will get precedence within the lottery, officers mentioned.
The College of Chicago Inclusive Economic system Lab will full a research on the impacts of the pilot and residents’ experiences to assist officers “perceive the efficacy of money help applications and decide greatest practices for future applications.”
Participation is voluntary, and each those that are chosen for the $500 month-to-month funds for one yr and people who will not be chosen will probably be studied, officers mentioned.
Lightfoot included funds for the money help program in her 2022 finances proposal, which was launched in September, 5 months after Ald. Gilbert Villegas (thirty sixth Ward) urged the Metropolis Council to launch an similar program.
Chicagoans can join on-line to be notified when the purposes open by going to chicago.gov/cashpilot.
Contact Heather Cherone: @HeatherCherone | (773) 569-1863 | [email protected]