Universal basic income applications for $660 guaranteed payments close TODAY – see if you are eligible

TIME is running out to claim a $660 monthly payment, with applications closing within hours.

Eligible families in Shreveport, Louisiana, have until Monday to fill out the application for the city's newly launched universal basic income program.

The program plans to give monthly payments worth $660 to 110 eligible families for 12 months.

To receive the payments, eligible residents must be a single parent, with a gross income 120% below the federal poverty line.

According to Mayor Adrian Perkins, an estimated 25% of Shreveport residents are living in poverty.

The city defines a single parent as an unmarried mother, father, stepparent, grandparent, caregiver, or legal guardian who is not living with a partner and has a school-age child.

The child needs to be at least three years old and less than 20 years old as of August 2021.

Eligible single parents can apply with the online application, which is now open.

However, it will only stay open until January 17 – so act fast.

Once the application closes, selected participants will be notified by the city within three weeks.

As for the selection process, the city will conduct two lotteries.

Selected participants will be placed into either a “treatment intervention group" or a “control group."

The intervention group will receive the guaranteed income.

The control group will NOT receive the guaranteed income, but will be invited to participate in future research activities.

Shreveport is the latest city to launch a universal basic income program, which are payments that target those in need in a recurring fashion.

At least 12 other cities and states are offering universal basic income payments up to $12,000.

For other ways to get cash, check if you are eligible to receive a stimulus check, as millions are still owed one.

Americans can start claiming an $8,000 IRS payment this month.

Plus, here are three scenarios when you might get a fourth federal stimulus payment in 2022.