Thousands of Americans can soon apply for $500 payments – see if you’re eligible

THOUSANDS of Americans will soon be able to apply for new payments worth $500 each.

The cash will be given to eligible property owners in Atlantic City, New Jersey, who have struggled financially during the pandemic.

The payments are tax rebates made available thanks to funds available under the $1.9trillion American Rescue Act.

This is the last federal package that passed in March, which included federal stimulus checks.

Since then, various cities and states have launched their own support programs by using funds from the Rescue Act.

Specifically, Atlantic City intends on using roughly $3.5million worth of $16.5million in federal money to fund the program.

According to Mayor Marty Small Sr., property owners (residents and businesses), who have struggled during the pandemic, will be eligible to apply for the $500 checks, reports The Press of Atlantic City.

In two to three weeks, eligible property owners will get forms where they will have to prove that they suffered financial hardship.

For example, residents can demonstrate this requirement by showing their income declined from previous levels or remained flat on the forms.

In addition, they might also be able to qualify if they suffered from housing or food insecurity.

“Just because you didn’t miss a paycheck doesn’t mean you weren’t affected,” Mr Small said during a news conference last week.

Businesses can signal that they suffered from the pandemic by showing that their revenue dropped, payroll challenges, as well as increased and difficulty covering operating costs.

There will also be an “other” box on the form to check where eligible property owners can list other effects caused by the pandemic that will be taken into account.

Assistant solicitor Carl Timbers, who helped create the forms, said the city has come up with a list of qualifying property owners and will mail them to them.

Once the affected property owners review them, they need to send them back so the city can review.

While it’s unclear how many will qualify, more than 37% of Atlantic City’s roughly 38,000 residents are said to be living below the poverty line.

For other ways you can get cash, hundreds of Americans can now apply for monthly $500 payments.

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