200 Paterson families will receive $400 each month through guaranteed income program

Joe Malinconico
·1 min read
19

PATERSON — About 200 city residents received $400 debit cards this month as part of Mayor Andre Sayegh’s “guaranteed income” initiative.

The recipients were picked by a lottery from among about 6,000 applicants, officials said. They will get $400 per month on the debit cards over the course of a year, or a total of $4,800.

Paterson Mayor Andre Sayegh gives his 2023 Paterson State of the City Address at the historic Hinchliffe Stadium on Thursday Sept. 28, 2023.
Paterson Mayor Andre Sayegh gives his 2023 Paterson State of the City Address at the historic Hinchliffe Stadium on Thursday Sept. 28, 2023.

The program is designed to help residents overcome financial hardships. The Sayegh administration allocated $1.4 million from its American Rescue Plan COVID-relief aid for the program.

Who is eligible?

To be eligible, single-person households could not earn more than $38,910 per year. The limit for a family of three was $110,311 per year and for a family of five it was $184,405.

This marks the second wave for the guaranteed income in Paterson. The first happened during a 12-month period spanning from 2021 to 2022. About 110 people received debit cards in that round, which was funded by a national group called Mayors for a Guaranteed Income.

Joe Malinconico is editor of Paterson Press. Email: editor@patersonpress.com

This article originally appeared on NorthJersey.com: Paterson NJ: Guaranteed income program will benefit 200 families