Can Guaranteed Income Prevent Gentrification?

From Oscar Perry Abello / NextCity: In Louisville, community organizers are betting that a guaranteed income program will reduce community violence in disinvested neighborhoods – and protect against displacement of residents.

Read the original story here.

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Issue Areas:

Community Wealth Building, Inclusive Growth, Poverty Reduction Measures

Impact Areas:

Creating New Economic Paradigms, Equity

Actors:

Government, Nonprofit / NGO, Philanthropy and Social Impact Investors

Communities Served:

BIPOC Communities

Strategies:

Changing Narratives, Easing Economic Burdens for Individuals, Reallocating Government / Public Financing

Success Factors:

Attacking Root Causes, Empowering People, Expanding Access, Help Rather Than Punishment, Providing Cash Instead Of Goods/Services

Geographic Region:

North America

Countries:

United States

Date:

May 30, 2023

More Resources:

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Conversation with Deepa Iyer

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Universal basic income transfers better than subsidies; Madhya Pradesh model shows improvement in living standards

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Results From The City That Just Gave Away Cash

From Emma Peaslee / NPR: A guaranteed income pilot program in Stockton, California, resulted in improved mental health and even increased full-time employment rates. The extra cash gave recipients who were struggling with poverty the mental and financial bandwidth to...