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Denver gave homeless people $1k/mth. Year later, nearly half had housing

Participants in Denver's basic income program received up to $1,000 a month. They became more housing secure and landed full-time jobs.

Denver released the project's one-year report onJune 18, showing that 45% of participants secured their own house or apartment after receiving basic income for 10 months. Basic income puts low-income families on "an equal playing field," Nick Pacheco, participant engagement coordinator, said at a press conference. Participants who received the lump sum $6,500 payment in addition to $500 a month could better build savings and make major life changes like signing a new lease or buying a car.

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