Applications begin for Evanston program offering cash to qualified residents

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Five hundred dollars Photo credit Getty Images

(WBBM NEWSRADIO) — The city of Evanston and Northwestern University will be giving $500 a month to 150 households that are below the poverty line.

Applications will be accepted beginning Monday for the Guaranteed Income Pilot Program. Evanston and Northwestern University are paying for it with help from a federal program.

Stipends will be loaded onto a prepaid debit card for the 150 families that are accepted.

Northwestern researchers will get a chance to find out how the recipients are affected by the cash infusion.

Evanston residents are eligible to apply for a lottery if they are 18 to 24 years old, or if they are 62 or older or are undocumented.

Household income must be at or below 250% of the federal poverty line. That translates to roughly $34,000 a year for a single person.

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Featured Image Photo Credit: Getty Images