Thanks to a $2.5 million pot, Americans will receive $500 in monthly direct payments for two years

Over the next two years, Americans will receive a total of $12,000 in monthly payments. 

Currently, the council has approved funding for the program for 110 residents in the Des Moines metropolitan area of Iowa.

Mid-Iowa Health Foundation is leading the universal basic income program, which is expected to cost $2.5 million. 

Approximately $1.8 million in funding has been raised, Nalo Johnson told Axios.

The first round of stipends will be distributed in February, as part of the monthly direct payments of $500. 

At this time, no specific income barriers have been determined for the program, but it will be available to low-income residents.

In addition, it's unclear if there will be an application process or how participants will be selected. 

According to a synopsis of the pilot from the council, the pilot seeks to support the economic health of

the community by improving the ways that community members show up in the

workforce as a result of reduced stressors associated with poverty. 

The Sun's request for comment was not responded to by Ms Johnson. 

Numerous cities and states offer UBI and conduct studies on how it reduces poverty across the country.

Other UBI programs

A $500 UBI program will be available to eligible residents in Mountain View, California.

For a family of three, the maximum annual income is $44,750 in 2021.

According to the city, applications will open in mid-to-late summer.

A similar program in California offers $1,000 monthly installments to 3,200 Los Angeles families. 

Fox 11 Los Angeles reports they started receiving their first payments in January.

In June, more than 100 residents of Ithaca, New York, started receiving payments of $450 per month.

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