Guaranteed Income Program: Californians might get some help from a brand-new stimulus check program that gives qualified people more than $500 a month for a year. This program started at the same time that inflation was going up. When rates go up from 3.2% in February 2024 to 3.5% in March 2024, it will be hard for people to pay their bills.
What is a Guaranteed Income Program?
There has been a lot of talk about this idea in the news, and more and more pilot projects are being run in different parts of America. Guaranteed income programs are government policies that give money (in the form of a stimulus check, which is also called a supplemental cash payment) to everyone in a certain community based on things like their income, where they live, and other things that might show they are vulnerable.
The Fresno Economic Opportunities Commission (Fresno EOC) is the organization that distributes the new California stimulus check known as the Advancing Fresno County Guaranteed Income. Fresno EOC is a private, non-profit group that has been around since 1965. It is one of the largest community action agencies in the country and has over 30 community-focused programs that work to close social and economic gaps.
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The programs, which get $100 million a year, cover things like preschool education, career training, housing and shelter, hot meal aid, preventive healthcare, job placement, and career counselling.
Here, the Fresno Economic Opportunities Commission (Fresno EOC)-led Advancing Fresno County Guaranteed Income program provides monthly stimulus checks to eligible residents as support.
Fresno EOC has been around since 1965 and is known for its many community-focused programs and work to reduce social and economic inequality. The $100 million fund for these programs goes to a lot of different areas, such as housing, healthcare, job creation, and education.
Who will get the $500 monthly stimulus checks?
Under the Guaranteed Income plan, 150 households that meet certain criteria will each get a $500 stimulus check every month for a year. Prepaid bank cards that can be reloaded will be used to pay for things, making sure that beneficiaries can get them.
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For residents to be qualified for the stimulus check, they must meet certain conditions. To be eligible, people must live in certain zip codes, have kids between the ages of 0 and 5, and make a certain amount of money based on their zip code.
There is an easy way to apply for the stimulus check, and people have until May 15th to do so. You can fill out an application in person or online in Huron and Fresno. Chance will decide who wins. Those winners will be notified in mid-May 2024, and the money will be sent to them in mid-June of that same year.