Chicago Residents Can Get $500 Per Month—Here’s How to Claim Yours

If you live in Chicago and could use some extra cash each month, there’s some good news. The city is bringing back its Guaranteed Income Program, which means eligible residents can receive $500 per month for an entire year—no strings attached.

That’s $6,000 over 12 months to help cover rent, groceries, bills, or whatever you need. If you’re wondering how to apply, who qualifies, and when the money will start rolling in, here’s everything you need to know.

What Is the $500 Monthly Stimulus?

This program is part of Chicago’s effort to support residents facing financial struggles. The Department of Family and Support Services is leading the initiative with the goal of putting money directly into the hands of those who need it most.

Unlike other aid programs, there are no restrictions on how you spend the money, and you don’t have to pay it back. The city wants to give people a little breathing room to manage their daily expenses without extra red tape.

Who Qualifies for the Payments?

To be eligible for the $500 monthly checks, you must meet these requirements:

• Live in Chicago
• Be at least 18 years old
• Have a household income at or below 250% of the Federal Poverty Level (FPL)
  • $36,450 for a single person
  • $49,300 for a household of two
• Demonstrate financial hardship, especially due to COVID-19 or other economic struggles

There is no work requirement, and getting approved won’t affect other benefits like SNAP, Medicaid, or housing assistance.

How to Apply for the $500 Monthly Checks

If you think you qualify, here’s how to apply:

1. Stay Updated – The city hasn’t opened applications yet, but you can sign up for alerts on the official Chicago Guaranteed Income website to get notified as soon as applications open.

2. Gather Your Documents – Be prepared with:

   • Proof of residency (like a utility bill or lease)
   • Proof of income (pay stubs, tax returns, or benefits statements)
   • Evidence of financial hardship (such as overdue bills, a layoff notice, or medical expenses)

3. Submit Your Application – Once the application portal opens, fill out the online form and upload your documents.

4. Lottery Selection – Since demand for the program is high, not everyone who applies will be approved. The city will randomly select eligible applicants through a lottery. If you’re chosen, you’ll be notified with the next steps.

When Will You Get Paid?

The exact dates haven’t been announced yet, but payments are expected to start in 2025. Once approved, you’ll receive direct deposits every month for a full year.

If you’re struggling financially, this program could be a huge help. Make sure you apply as soon as the portal opens so you don’t miss out!