$2,502,000 in Cash To Be Handed Out – No Strings Attached – in US City’s Guaranteed Income Program: Report

The sixth most populous city in the US is still accepting applications for a guaranteed income pilot program that was launched months ago.

Philly Job Bank, a guaranteed income pilot program that was unveiled in Philadelphia in June, has 139 slots available, reports  public radio station WHYY-FM.

“Only 111 of 250 spots have been filled as part of the guaranteed income pilot program.”

The Philly Joy Bank guaranteed income pilot program offers $1,000 per month for one and a half years to low-income residents of Philadelphia who are in the second trimester of their pregnancy. Applicants must have a total annual household income of under $100,000 to qualify for the guaranteed income pilot program.

The Philly Joy Bank program aims to “improve birth outcomes” for a section of the city’s population that experiences the highest level of poor outcomes.

“Philadelphia has the highest rate of infant mortality in the first year of life among the top 10 most populous U.S. cities. Black infants in our city are over three times more likely to die before their first birthday than White infants.”

Eligible applicants will be entered into a lottery pool from where they will be drawn randomly. The Philly Job Bank guaranteed income pilot program will close once all the 250 slots are filled. Participants will receive the funds through various payment methods including prepaid debit cards, direct deposits to bank accounts, Venmo or PayPal.

Payments to successful applicants will be sent on different dates depending on when they enrolled.

“Participants can choose how and when to spend their money without any restrictions.”

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