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How One Universal Basic Income Experiment Is Helping the Homeless Get Off the Streets
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How One Universal Basic Income Experiment Is Helping the Homeless Get Off the Streets
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How One Universal Basic Income Experiment Is Helping the Homeless Get Off the Streets
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For homeless solutions, Seattle can look to New York and Vancouver
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Early this year, Donovan formed the Denver Basic Income Project, which will provide 520 people experiencing homelessness in the city with cash, no strings attached. Donovan has already anted up $500,000 of his own money for the project, which he hopes to launch in partnership with the University of Denver in September. Since the total price tag will be an estimated $6 million, he s also fundraising and says he has gotten sizable commitments from foundations and individual donors.
The recipients will be split into two groups: one cohort of 260 individuals receiving $1,000 a month for twelve months, and a second of 260 individuals receiving $6,500 up front and $500 per month for the remaining eleven months. There will also be a 300-person control group, with each member getting $50 per month for participating in the project.