Stimulus check update: Direct payment worth $500 to be paid out today

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Stimulus check update: Direct payment worth $500 to be paid out today
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Residents in Alexandria, Virginia, who are receiving money from a guaranteed income program are receiving their next payment of $500 today.

The Alexandria Recurring Income for Success and Equity, or ARISE, program pays 170 residents in Alexandria $500 on the first day of every month. It is being funded by the American Rescue Plan Act, according to the program's website.The applicants were randomly selected by Abt Associates, Alexandria's research partner in the program, through a lottery selection.

“Thanks to the hard work of our community partners, we exceeded our expectations for reaching and encouraging Alexandrians to apply for ARISE,” Alexandria Mayor Justin Wilson said in a statement, according to Alexandria Living. “Our goal was to ensure that eligible residents throughout the city knew about ARISE and applied to gain a chance to receive extra income and the ability to make choices that could improve their financial well-being, quality of life, and future,” he added.

In order to apply for the program, an applicant needed to be a resident of Alexandria and be at least 18 years old. The applicant also had to have an income at or below 50% of the area's median income, which varied depending on how many people lived in an applicant's household.In total, the city received 4,149 applications for the program, of which 170 were selected.

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