Virginia Guaranteed Income Scheme: Monthly Payment Of $500

Hundreds of Americans will receive monthly $500 payments for two years under a NEW guaranteed income scheme in Virginia.

The deadline for submitting applications to participate in the ARISE programme in Alexandria has been set for the 31st of October, according to the officials.

Officials have disclosed that there will be a lottery with 170 participants to select winners at random.

According to city officials, successful applicants will receive $500 payments for a total of 24 months, with the first check expected to be issued in January 2023.

Residents must be 18 or older and have an income at or below 50% of the Area Median Income. The threshold for a single person is $49,850.

Those who require assistance in completing the form will be notified on October 25 - a few days before the application process opens.

Officials have issued a warning that all documents must be submitted digitally in order to comply with the "mobile-friendly" requirements of the process.

According to the statements made by the officials, applications can be submitted between the dates of October 31 and November 9.

Residents will be notified between the end of November and the beginning of December regarding the status of their application.

Officials have stated that 170 people will receive the full amount of money, but another 210 will be chosen at random to participate in a focus group.