TITLE
Recommendation to adopt Specifications No. RFP ED22-023 and award a contract to Fund for Guaranteed Income, of El Segundo, CA, to implement and administer the Long Beach Guaranteed Income Pilot Program, in a total amount not to exceed $460,915 for a period of two years, with the option to renew for three additional one-year periods, at the discretion of the City Manager; and, authorize City Manager, or designee, to execute all documents necessary to enter into the contract, including any necessary subsequent amendments. (Citywide)
DISCUSSION
Long Beach Recovery Act
On March 16, 2021, the City Council adopted the Long Beach Recovery Act (LB Recovery Act) becoming one of the first major cities to approve COVID-19 recovery programs made possible through the federal American Rescue Plan Act (ARPA) and other federal and State funding sources. Additional adjustments to the LB Recovery Act were made as part of the Adopted FY 22 Budget and periodic adjustments will be brought to the City Council as needed. Additional information about the LB Recovery Act is available on the City of Long Beach (City) website. As part of the Long Beach Recovery Act, under the category of Economic Recovery, approximately $2 million was allocated to the Long Beach Guaranteed Income Pilot (“Pilot”) to address financial hardship that has been created by COVID-19.
About Guaranteed Income Programs
Guaranteed Income (GI) is an innovative approach to supporting people in a rapidly changing economy by providing a minimum amount of income to supplement the basic costs of living with the goal of reducing poverty. GI programs typically provide regular, unconditional direct payments to individuals or entire households that help offset basic living expenses like housing, food, healthcare, and transportation. GI enables individuals to work and care for their families without falling into poverty or losing their jobs, creating financial security for individuals and households.
A common o...
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