Google funds a guaranteed income program in San Francisco

Google partners with San Francisco-area nonprofits to supply financial support to families battling homelessness.

The It all adds up The program will provide financial assistance to eligible families. To be eligible for the program, families should be near the top of rental assistance programs provided by local nonprofit agencies.

According to reports, 225 randomly chosen participants will receive monthly money payments of $1,000 for a 12 months, and a further 225 families will receive $50. Participants can use the cash nonetheless, they select.

“We hope this will provide a soft landing for families exiting our grant programs and help them maintain financial stability,” said Hamilton Families CEO Kyriell Noon. he told the San Francisco Chronicle..

Currently, roughly 30 families participate in the program. Additional participants shall be added every month until all 450 spots are filled. More than 70% of families currently in programs are led by single moms of color with children under five.

Kompas Family Services AND Hamilton families will operate a pilot program in San Francisco that shall be funded by Google and J-Buddy.

According to the program website, volThe initiative relies on a five-year study of the impact of a guaranteed basic income on families.

“Over the next five years, with the support of Google.org and J-PAL North America and in partnership with New York University, this pilot is on a mission to prove that housing stability is easier to achieve when families who have recently experienced homelessness have a little more room to breathe.”

NYU’s Housing Solutions Lab will just do that study the outcomes of the program to find out how effective the payments are in helping families stay in long-term homes. Scientists will do that too assess the impact on participants’ health and financial results.

Google’s participation in this program is an element of it $1 billion pledge to combat the housing crisis in the San Francisco area.