For one year, Denver will provide 140 people experiencing homelessness $12,000 with no strings attached as part of a program testing universal basic income. Here's how it'll work.
The money is paying for a contract with theMost of the money in the contract will pay for cash installments, according to city staff, with the rest allotted for administrative costs.
300 people will be part of a control group and get a $50-a-month stipend to determine whether there's a difference in outcomes.Donovan said all participants will be able to get a free phone with a year of service included.Nelson explained the city wants to use its money for direct cash payments to women, transgender and gender non-conforming people.
Nelson added that the city wants to use the federal money to alleviate the compounding effect the pandemic had on
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