FAMILIES are set to see $1,000 monthly payments thanks to a program set up to benefit one specific area of the US.
The initiative targets low-income people as a way of enriching the community and providing equal opportunities.
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The Magnolia Mother’s Trust (MMT) is the longest-running guaranteed income program in the United States.
It is also the first to target extremely low-income families led by Black mothers.
The trust is a guaranteed income support program that specifically supports Black mothers in Jackson, Mississippi.
The best thing about it is there’s absolutely no string attached.
read more on financial support
The Magnolia’s Mother’s Trust offers $1,000 each month for a year to those who are struggling financially and living in federally subsidized housing.
Mothers have the option to participate in additional support, such as goal setting, community building, mental health and self-care.
There are also programs set up for the whole family, too.
The trust is currently supporting its fifth cohort, which stands at over 100 people.
THE AIMS OF THE MMT
The website description for the MMT pushes mothers to be the builders of their financial futures.
It says: “Moms desire their homes to be sturdy, sustainable places where their families can grow and thrive.
“Guaranteed income from MMT is one resource that moms can use to actualize these goals.
“Through MMT, they access tools such as stability, confidence, self-efficacy, social support, and opportunities for upward mobility.
“With these tools, they are able to create a blueprint, lay the foundation, and construct a stable life and future for themselves and their children.”
This ambitious mission statement is reflected in the experience of the cohort.
One beneficiary of the $12,000 said: “MMT helped me to gain a financial foundation.
What are the five stimulus check waves?
IF a third stimulus payment passes, like the first round of checks, the IRS will likely follow the same procedure and send out checks by priority groups.
Here are the five IRS groups and find out which one you are in:
Direct deposit recipientes: People who already have their direct deposit information on file with the IRS or who provide that info when and if registration opens again should be first in line to receive a stimulus check.
Social security beneficiaries: With the first stimulus payment, many Social Security beneficiaries who had direct deposit information on file with the federal government received checks in the first week, though not always the first day.
People who receive their paper checks by mail: The IRS began to mail checks about a week later to those without direct deposit data on file.
EIP card recipients: Economic impact payment debit cards are prepaid Visa cards the IRS sent to about four million people starting in mid-May.
If the agency follows the same payment priority order, this group could begin to see their payment weeks after the first direct deposit transfer take place.
People with more complex situations: This category includes people who received their first checks after June, are are still waiting to receive one, or those who didn’t know they need to complete an extra step.
“I was able to create a savings account that I still have today.
“I was also able to pay for my first arm of grad school.
“I’ll always be grateful.”
The MMT is part of Springboard to Opportunities, which was founded in 2013.
The organization is dedicated to supporting the people of Jackson through emergency support and educational advocacy.
Springboard also works directly with residents to bring about the change they want to see.
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