"What Happened: The New York City Council has set aside $1.5 million in its 2026 budget for a new initiative titled "Cash with Care." The program is aimed at assisting residents grappling with housing insecurity. As per the council report, the main goal of this guaranteed income program is to support young individuals transitioning from homelessness by offering a consistent, flexible income and comprehensive services."
"Don't Miss: Under the initiative, 60 young New Yorkers aged 18 to 24 who are currently living in homeless shelters or similar facilities will be selected. Participants will receive a monthly cash stipend of $1,200 for nine months, along with a one-time $5,000 payment that can be accessed at any point during the first nine months of the 12-month program."
The New York City Council allocated $1.5 million in its 2026 budget to launch "Cash with Care," a guaranteed income initiative for young residents facing housing insecurity. The program will enroll 60 New Yorkers aged 18 to 24 who are living in homeless shelters or similar facilities. Participants receive $1,200 monthly for nine months plus a one-time $5,000 payment available during the first nine months of the 12-month program. The initiative partners with Covenant House New York and aims to provide consistent, flexible income and supportive services to assist youth transitioning from homelessness. Successful outcomes could influence similar programs in other cities.
Read at Yahoo News
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