(WBBM NEWSRADIO) - Cook County residents in need of financial assistance will be able to submit their applications for the county’s guaranteed income pilot program has begun.
Eligible residents will have a 15-day window to apply (Oct. 6 to Oct. 21) on the county’s portal. The county said there is no advantage to applying early and, once the deadline is reached, final participants will be chosen at random.
The $42 million pilot program will distribute monthly payments of $500 to 3,250 Cook County residents for two years. Those eligible have to be at least 18-years-old, a Cook County resident, and have a household income at or below 250% of the federal poverty level.
“After months of hard work, Cook County is proud to be launching the application portal for the largest publicly-funded guaranteed income pilot in American history,” President Preckwinkle said. “We estimate that nearly 36% of Cook County residents will be eligible to participate, and I encourage everyone who meets the requirements to apply.”
Per Cook County, here are Federal Poverty Guidelines
Household # = income at 250% of the federal poverty level
1=$33,975
2=$45,775
3=$57,575
4=$69,375
5=$81,175
6=$92,975
7=$104,775
8=$116,575
*For each additional member over 8, add $11,800
The portal can be accessed here.
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