The Chicago Economic Relief Initiative renews efforts toward financial aid by designating an investment of $32 million for monthly assistance to qualified families facing economic challenges. Initially introduced by the former mayor and now reinstated, the initiative commits to providing $500 monthly payments to aid residents, harnessing funds originating from the federal COVID-19 relief. Scope of Assistance : Directed at supporting 5,000 families
Monthly Benefit : Each household to receive $500
Funding Source : Part of the American Rescue Plan Act funds, totaling $1.9 billion received by Chicago Utilization of Funds : Approximately 88% of the total funds have […]
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