The Denver Basic Income Project (DBIP) Extends Cash Program
The Denver Basic Income Project (DBIP) is prolonging its $1.8 million pilot program, offering up to $1,000 to 660 chosen participants for the extension. Initially, the program selected 800 recipients and divided them into three groups:
Program Expansion Details
- The first group receives $1,000 monthly for a year.
- The second group gets a one-time payment of $6,500 and then $500 monthly for 11 months.
- The final group, serving as the control group, receives a flat $50 monthly for a year.
Enhanced Benefits
- Control group members will receive an extra $100 for six months.
- Participants in the other groups will get an additional $1,000 monthly for six months.
Funding for the extension will be provided by the Denver City Council. The DBIP decided to expand the program following a report indicating positive changes in participants’ lives after receiving financial aid for six months.
Impact of the Program
The interim study showed significant improvements in various areas of life among all payment groups, including housing, financial well-being, safety, and mental health. According to Mark Donovan, the DBIP founder and executive director, the funds have been used for debt repayment, car repairs, housing, and education, offering paths out of poverty and decreased reliance on social support programs.
Hot Take: DBIP Enhances Guaranteed Income Program
The expansion of the Denver Basic Income Project (DBIP) marks a significant step in providing financial assistance and improving the well-being of participants, demonstrating the positive effects of guaranteed income programs.
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