Cook County announces guaranteed income program that will give over 3K families $500 a month

Cook County announces guaranteed income program that will give over 3K families $500 a month

CHICAGO — Cook County officials have announced a guaranteed income program that will give some families $500 a month.

Cook County Board President Toni Preckwinkle announced the Cook County Promise Guaranteed Income Pilot on Wednesday. The program is the nation’s largest publicly funded guaranteed income initiative at $42 million. It will send monthly payments of $500 to 3,250 Cook County residents for two years. Applications to participate in the pilot will open this fall.

“Historically, both public and private institutions have been unwilling to directly invest in low-income people without significant restrictions attached,” Preckwinkle said in a release. “This red tape […]

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