NYC Launches Insane Pilot Program to Provide Homeless Adults With $15,800 in Unrestricted Cash Provided by Taxpayers

New York City has launched a controversial pilot program that provides homeless young adults with up to $15,800 in unrestricted cash, sparking debate over whether the approach is a bold solution or a risky use of taxpayer funds.

The initiative, called “Cash with Care,” offers 60 participants between the ages of 18 and 24 monthly payments of $1,200 for nine months, along with access to a one-time $5,000 lump sum.

The total potential payout per participant is $15,800, with no spending restrictions.

The $1.5 million program was approved by the New York City Council in December.

This page is a permanent link to the reply below and its nested replies. See all post replies »

joe438 · 61-69, M

I hadnt heard about it, but I poked around a bit. It lasts only 9 months and there's no money to continue it afterwards. One recipient decided to just keep the cash and not find a place to live because $1200 doesn't get a very nice place, and he'd have to stop paying when the money runs out. The intent seems to be to help people get a leg up towards a job and a stable situation - we'll see how that works out.

And it's being called a "guaranteed income" arrangement only it's just for 9 months.

sunsporter1649 · 70-79, M

@joe438