Eighteen Richmond families each will receive $12,000 over two years in a pilot program testing whether a guaranteed income would make a difference in helping them achieve financial stability.
Mayor Levar M. Stoney announced the experimental Richmond Resilience Initiative on Oct. 29 that involves paying a $500 a month stipend for 24 months to the selected working families.
The city is joining with the Robins Foundation to cover the two-year cost of $216,000. The city’s share is being drawn from federal CARES Act dollars.While unidentified, the chosen families were randomly selected from clients of the city’s Office of Community Wealth Building, […]
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