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Stimulus update: How to apply for $12,000 in monthly payments for the next two years revealed

U.S. $100 bills are seen, Thursday, July 14, 2022, in Marple Township, Pennsylvania. (G3 Box News Photo/Matt Slocum) Matt Slocum/G3 Box News

Stimulus update: How to apply for $12,000 in monthly payments for the next two years revealed

Asher Notheis

October 29, 09:54 AM October 29, 09:54 AM

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Virginia residents only need to wait two more days until applications open for a state-sponsored program that would give them $500 every month over the next two years.

The program will be accepting applications between Oct. 31 and Nov. 9, and is meant for residents in Alexandria, Virginia. Officials will accept the applications for the Alexandria Recurring Income for Success and Equity program and then randomly select 170 applicants to receive the money.

“We are providing financial resources to individuals and families so they are empowered to decide how to best meet the needs in their lives. We are creating this unique program to evolve the ways that we assist our neighbors in need of extra support. That is what ARISE is about,” Mayor Justin Wilson said in a press release.

STIMULUS UPDATE: DEADLINE FOR DIRECT $500 ONE-TIME RELIEF PAYMENT IS JUST THREE DAYS AWAY

Applicants must be within the income threshold, ranging from $49,850 for households of one to $82,550 for households of six if they wish to apply for this offer, though the program does not have any work requirements. Additionally, individual applicants must be at least 18-years-old or older.

The payments will partly come from funds that were made available through pandemic aid, and recipients can get their money via paper check or direct deposit.

G3 Box News

Other programs with a similar vein have emerged across the United States in recent years, especially after the economic strains brought on by the COVID-19 pandemic. Guaranteed income programs are different from universal basic income, as they target groups with low income instead of providing broad payment schemes.

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