There will be income restrictions on the program, which will provide monthly payments of $530 to 100 residents.
You must have an income of no more than 300 percent of the federal poverty level in order to qualify.
According to Ann Arbor, you must also identify as a "low and moderate-income entrepreneur."
The city said these individuals are engaged in low-level entrepreneurship, such as gig work,
informal businesses from their homes, and services provided to friends and neighbors.
Priority will be given to Ann Arbor residents who receive
Public benefits such as housing assistance and reduced and free lunches.
As of now, it is unclear when the first batch of monthly cash will be released and if an application portal will exist.
As of yet, the city has not responded to the U.S. Sun's inquiry.
There might be a guaranteed income program in your city while residents of Ann Arbor await the first round of funds.
NEWS ON GUARANTEED INCOME
There must be a minimum income requirement equal to or less than 100 percent of the area's median income.
Cambridge, Massachusetts, for instance,
just launched a program that offers $500 per month for a year and a half.
You must live in Cambridge and have at least one child under 21 years of age to qualify.
In addition, applicants must be at least 18 years old.
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