May 9th 2024.
Google has joined forces with nonprofit organizations in the San Francisco area to lend a helping hand to families facing homelessness. Through the It All Adds Up program, eligible families can receive financial assistance to support their needs. To qualify, families must be reaching the end of their rental subsidy programs offered by local nonprofits.
It has been reported that 225 families will be randomly selected to receive $1,000 in monthly cash payments for a year, while an additional 225 families will receive a one-time payment of $50. The best part is that recipients have the freedom to use the money in whatever way they see fit.
Kyriell Noon, CEO of Hamilton Families, expressed their hopes that this program will provide a smoother transition for families leaving the subsidy programs and help them maintain financial stability. Currently, about 30 families are enrolled in the program, with more families being added each month until all 450 spots are filled. Interestingly, over 70% of the families currently enrolled are led by single mothers of color with young children.
The pilot program, which will be funded by Google and J-Pal, will be operated by Compass Family Services and Hamilton Families. As stated on the program's website, this initiative is based on a five-year study that examined the impact of guaranteed basic income on families.
With support from Google.org and J-PAL North America, and in partnership with New York University, this program aims to prove that providing families who have recently experienced homelessness with a bit more financial breathing room can help them achieve housing stability. The Housing Solutions Lab at NYU will analyze the program's results and assess the effectiveness of the payments in helping families maintain long-term housing. Researchers will also look into the impact on participants' health and financial outcomes.
This project is just one way that Google is fulfilling its $1 billion pledge to address the housing crisis in the San Francisco area. By partnering with nonprofits and conducting studies, they hope to make a positive impact on the lives of families facing homelessness.
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