We're thrilled to help launch Cambridge RISE, a guaranteed income pilot for Cambridge residents! Since January we've been working with the City of Cambridge and many funding partners to develop this new program to support local families. Starting in August, the pilot will provide $500 recurring monthly payments to 120 households for 18 months to help increase their financial stability.
The program is an important tool to address the growing economic divide and racial inequities in Cambridge. After launching our Safe & Secure Fund in 2020, we saw firsthand how transformative no-strings-attached financial assistance can be for families. Being able to rely on not just one-time assistance but sustained support will help families stabilize, plan, and have more agency over their future opportunities and decisions.
In the words of our Education & Training Director, Miriam Ortiz: "I am hopeful that guaranteed income can be the next step in not just stabilizing families but creating new opportunities for self-determination. I am so proud that we have the courage to trust families and think outside the box when it comes to economic empowerment!"