Today, Baltimore City opened applications for its Baltimore Young Families Success Fund (BYFSF), the City’s Guaranteed Income pilot program.
The program will provide young parents with an unconditional cash payment of $1,000 per month over 24 months to provide financial relief for their families and stabilize their households. Applications close on on Monday, May 9, 2022, at 11:59 p.m. A randomized lottery will select 200 eligible Baltimore City residents for the BYFSF.
Baltimore City Mayor Brandon Scott encouraged City residents to apply in a press release:
“I am proud to announce that applications for the City’s Guaranteed Income Pilot Program – the Baltimore Young Families Success Fund – are now open,” said Mayor Brandon M. Scott. “This program will greatly improve financial stability and economic opportunity for residents by putting money directly in the hands of recipients so they can put funds towards the things they need the most. I want to encourage all eligible residents to apply before the deadline closes on May 9.”
To be eligible to participate in Baltimore’s Guaranteed Income pilot, applicants must be:
- residents of Baltimore City;
- between the ages of 18 -24 years old at the time of the application deadline;
- either the biological or adoptive parents, or guardians, must have full or partial care-taking responsibilities; and
- receiving income at or below 300% of the federal poverty level based on their household size.
BYFSF will be funded through $4.8 million in American Rescue Plan Act funds. The program will be administered by the Mayor’s Office of Children and Family Success (MOCFS), as well as private and philanthropic donors, including The Annie E. Casey Foundation, the Abell Foundation, the France-Merrick Foundation, and The Zanvyl and Isabelle Krieger Fund.
Eligible residents can apply to take part in the Baltimore Young Families Success Fund here.