The city of Cambridge has recently unveiled an innovative initiative, a Guaranteed Income Program, designed to financially assist those who qualify. Participants of the program can expect to receive recurring payments of $500 over an 18-month period. The aim of this program is to provide a safety net for families with low income, especially those with children, residing within the city limits of Cambridge. To be eligible, applicants’ income must be at or below 250 percent of the Federal Poverty Line.
It’s important to note that the income cap varies depending on the household size, so applicants should verify their income limits based on the number of individuals in their home. To qualify for the $500 monthly payment, applicants must be at least 18 years old and have a child who is 21 years old or younger. Interestingly, the City of Cambridge has stated that they will accept “all applicants who meet the eligibility requirements.”
Rise Up Cambridge An Innovative Initiative for Financial Assistance
Moreover, the child must also reside in the same household to meet the eligibility criteria for this financial aid. Interested parties should act swiftly as the application deadline is approaching on July 31, 2023. Cambridge city officials have emphasized that only one application can be submitted per household. The name of this groundbreaking Guaranteed Income initiative is ‘Rise Up Cambridge.’ The program boasts an impressive budget of $22 million.
Upon submitting your application for the $500 monthly aid, you will receive a confirmation via email or text message, containing a link enabling you to monitor the progress of your application. Rest assured that you will receive a confirmation once your application has been approved. Notifications can be sent either by email or text message. Over the 18-month period, the total amount of financial assistance one can receive equates to $9,000.
The Rise Up Cambridge support team is available to assist you with any inquiries or assistance you may need with the application process. They can be reached at (312) 757-7267, or you can send an email to support@riseupcambridge.aidkit.org. This progressive initiative by the City of Cambridge serves as a testament to the commitment towards the well-being of its residents. So, if you meet the criteria, don’t hesitate to apply for the assistance that could significantly ease your financial burdens.