New York City Guaranteed Income Pilot Offers $1,200 Monthly to Youth Facing Homelessness

New York City has launched a new guaranteed income program. The initiative provides direct cash support to young residents. It is called the Cash with Care program.The effort targets youth aged 18 to 24 who lack stable housing. Participants receive $1,200 each month for nine months. They also get a one-time $5,000 payment.

Program Structure and Eligibility Details

The program is a collaboration between city government and a nonprofit. The New York City Council and Covenant House New York are running it. According to The US Sun, state federal budget funds of $1.5 million support the pilot.Only 60 young people will join the first group. All must be experiencing housing insecurity. The goal is to provide immediate financial stability.Officials will track specific outcomes for each participant. Success measures include securing permanent housing. Reducing personal debt and improving food security are also key metrics.

Aim and Potential Impact of Direct Cash Transfers

This program is part of a growing trend. Cities are testing direct cash aid as a policy tool. The approach removes bureaucratic barriers to assistanceNew York City Council Speaker Adrienne Adams supports the model. She said investing in youth invests in the city’s future. Adams stated guaranteed income opens pathways to self-sufficiency.Council Member Crystal Hudson sponsored the legislation. She explained the funds help meet basic needs. The money can be used for rent, food, or utilities without restriction.The lump sum payment offers significant flexibility. Participants can access the $5,000 at any time during the nine months. This allows for addressing larger financial obstacles immediately.

The New York City guaranteed income pilot represents a targeted effort to combat youth homelessness with direct economic support. Its results could inform future social policy far beyond the five boroughs.

Disclaimer: This article reports on a publicly announced government program. Eligibility and details are subject to official guidelines from the administering agencies.

References: The US Sun.