Stimulus check update: Direct payment worth $500 to be sent to Minneapolis residents in 11 days

A guaranteed income program in Minneapolis will disburse its next $500 payment to hundreds of recipients in 11 days.

The payment, which will be sent on June 20, is part of the Minneapolis Guaranteed Basic Income Pilot program, which began last June. It is expected to pay recipients monthly cash payments through June 2024.

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Two hundred households were selected to receive payments from this program, and they can spend the $500 payments in whatever way suits them best, according to the city’s website.

The project manager for the program told the Washington Examiner that the payments are processed on the 20th of every month, and all participants receive $500 every month.

In order to qualify for the program, applicants had to be 18 years old by Jan. 1, 2022, live in one of several specified ZIP codes, and have an annual income that is at or below 50% of the city’s median income. Additionally, applicants had to have been affected by the coronavirus pandemic. Qualifying effects of the pandemic include losing a job, having higher health expenses, or losing access to child care.

The program is being evaluated by the Federal Reserve Bank of Minneapolis, according to the project manager.

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A majority of the recipients of this program are either black, indigenous, or people of color, at 80.5%. The other recipients, at 19.5%, are either white or non-Hispanic. Additionally, 69% of the program’s recipients are women, and 42.5% of all recipients are between the ages of 30 and 39.

Approximately a third of households receiving money from this program have just one person in the household.