If you live in Chicago and could use a little extra help with bills, groceries, or just catching up on expenses, there’s good news: the city is rolling out a monthly $500 payment for eligible residents. It’s part of a guaranteed income program that’s helping folks stay afloat as inflation and post-pandemic costs continue to pinch wallets.
Here’s everything you need to know—who qualifies, how to apply, and when that money could start showing up in your account.
What Is This $500 Monthly Program All About?
This new initiative, known as the Chicago Resilient Communities Pilot, is being funded by federal pandemic relief dollars through the American Rescue Plan Act. The goal? To give people who’ve been hit hard by the last few years some breathing room.
If you’re selected, you’ll get $500 every month for a full year—no strings attached. That means you can use it however it helps you most, whether that’s rent, childcare, food, or even building up savings.
Who Can Get It?
To be eligible for the program, you’ll need to meet a few basic requirements:
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You must live in the city of Chicago.
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You must be at least 18 years old.
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Your household income has to be at or below 250% of the federal poverty level. That’s about $33,975 a year if you’re single, or $69,375 for a family of four.
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You also need to show that you’ve experienced some kind of financial hardship related to the COVID-19 pandemic.
One thing to keep in mind: if you’re already part of another guaranteed income program, unfortunately, you won’t be able to apply for this one.
How Do I Apply?
Applications are being accepted online through the city’s official portal. The process is pretty straightforward, but you’ll want to make sure you have a few things handy before you start:
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Proof of who you are (like a government-issued ID)
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Proof you live in Chicago (a utility bill, lease, or other official mail with your name and address)
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Proof of income (recent pay stubs, a tax return, or benefits paperwork)
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Some explanation or documentation of your financial hardship related to the pandemic
Once you submit everything, you’re in the running. And don’t worry—it’s not a first-come, first-served deal. After the application window closes, the city will use a lottery system to pick participants fairly.
When Will Payments Start?
If you’re selected, you’ll start getting $500 a month beginning in December 2024. Payments will continue for a full 12 months.
You can choose how you want to receive the money—either through direct deposit (fastest and easiest) or a prepaid debit card mailed to you.
Why Is Chicago Doing This?
Chicago’s not alone in trying out guaranteed income programs. Cities like Los Angeles, Denver, and Stockton, California have done similar things, and the results have been promising. People who receive this kind of support tend to experience less stress, more financial stability, and a better ability to plan for the future.
Chicago hopes this program will give residents a stronger footing to get ahead—not just stay afloat.
Stay in the Loop
Want to make sure you don’t miss anything? You can keep an eye on updates by visiting the official City of Chicago website, or check in with local community organizations helping residents apply. Some nonprofits may even help walk you through the process.
Final Thoughts
Life in the city isn’t cheap—and when unexpected expenses pop up, it can feel impossible to catch your breath. Programs like this one are a rare chance to get some steady, reliable support without jumping through a million hoops.
If you meet the requirements, it’s definitely worth applying. Just don’t wait too long—once the application period closes, you’ll be out of luck until the next round (if there is one).
