A new multi-million dollar guaranteed income program is reportedly launching in one US city to help survivors of domestic violence and foster youth. The Los Angeles City Council has just allocated $2 million for the pilot program that aims to provide $1,000 monthly payments to qualifying participants for two years, reports ABC7. LA council member Hugo Soto-Martinez, who led the effort with fellow LA council member Curren Price, says the new program is meant to build on the success of a previous basic income pilot program that provided 3,200 households living below the poverty level with $1,000 in cash each month for 12 months. Says Soto-Martinez, “We are building on the success of that program with a new $2 million investment, and this next phase will continue to support survivors of intimate partner violence – the group that saw the most dramatic improvements in that pilot program.” Soto-Martinez also says that current or former foster youth between the ages of 16 and 24 are eligible to participate in the new program and they will receive job training along with the monthly payments. “For the first, we’re pairing these direct payments with job training through the Hospitality Training Academy, which has a near 100% success rate in placing their graduate into high-quality, good-paying union jobs.” The program is expected to assist 83 participants. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US City Handing $2,000,000 to Residents After New Guaranteed Income Plan Approved appeared first on The Daily Hodl .
