NEWS BRIEF: Atlanta giving cash payments to low-income residents

City of Atlanta to invest in residents

Atlanta City Hall, Atlanta, GA (47474768451)
Photo credit: Warren LeMay/wikipedia
The Atlanta City Council has approved a plan to give cash to three hundred local residents. The $2 million taxpayer-funded program provides a stipend of $500 per month to eligible individuals with low to moderate incomes. The payments could last up to 12 months with a $6,000 maximum per recipient. The funds would not be considered a loan but rather an investment in the qualified resident by the city. fox5atlanta.com