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Richmond staff describe guaranteed-income pilot and plan for fourth cohort funded by city
Summary
City staff outlined the Richmond Resilience Initiative (RRI), reporting outcomes from earlier cohorts, research partnerships, eligibility for an upcoming fourth cohort targeted to single parents, and a $500,000 city-funded investment for the next round.
City staff and nonprofit partners presented updates on the Richmond Resilience Initiative, the city’s guaranteed-income pilot, describing multi‑year cohorts, independent research findings, and plans for a fourth cohort funded by city appropriations.
Derek Wadley, program and operations supervisor for the Office of Community Wealth Building and Richmond Resilience Initiative program manager, told the Education and Human Services committee the program provides $500 per month to eligible recipients for 24 months and aims to help working Richmond residents who earn too much to qualify for public assistance but not enough to be financially secure. “This program promotes a hand up, not a handout approach,” Wadley said.
Wadley reviewed outcomes from earlier cohorts: the first cohort (2020–2022) included 18 participants; a second cohort had 46 participants; the third targeted returned citizens and used ARPA funds. Research by the Center for Guaranteed…
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