The Richmond Resilience Initiative (RRI), Mayor Levar Stoney’s guaranteed income pilot, was established in 2020 to support residents in the city of Richmond, Virginia impacted by the ‘cliff effect.’ Through its partnership with Mayors for a Guaranteed Income and UpTogether, the City of Richmond’s Office of Community Wealth Building in the Human Services portfolio, is engaging individuals and families who neither make a living wage nor qualify for federal benefits due to their household income. RRI, now on its third cohort, strives to help residents thrive and not merely survive by offering a $250-$500 monthly supplement to their income for 24 consecutive months. Additionally, the Office of Community Wealth Building, in collaboration with the Richmond City Treasurer’s Office of Financial Empowerment, provides participants with financial literacy education. The Richmond Resilience Initiative is supported through funding provided by Mayors for a Guaranteed Income, the Robins Foundation, the Richmond Memorial Health Foundation, and the American Rescue Plan Act (ARPA).
Neighborhood
City of Richmond Office of Community Wealth Building
GICP, MGI, University of Florida Center for Arts in Medicine
IMPLEMENTATION DATA
Implementation Dates
October 2020 - May 2024
Implementation Status
Active
Total Number of Participants
Two cohorts totaling 64 individuals
Type of Funding
Public/Private
Participants Receiving the Transfer
Individuals
Transfer Amount
$500 USD
Frequency of Payment
Monthly
Duration of Payment
24 months
Other Intervention Components
financial education
Is Use of Funds Available?
No
Is the Pilot a Randomized Control Trial (RCT)?
No
Other Intervention Components
financial education
TARGETING INFORMATION
Type of Tagergeting
Individual/household means-testing
Targeting Details
Currently reside in the city of Richmond, Virginia; employed and earning over $12.71 per hour (the full-time wage federal benefits threshold); have children under the age of 18 living in the household; and not receiving federal benefits, including housing vouchers or assistance.
