'Cash is freedom': Denver experiment with basic income for homeless gets City Council support

DENVER — On Friday, Denver City Council voted in favor of a $4-million budget amendment to continue funding the Denver Basic Income Project, which gives cash with no strings attached to those experiencing homelessness.

Although, University of Denver researchers said the findings will help establish a baseline over the next six months of individuals receiving direct cash payments, and no conclusions were drawn from the preliminary analyses, according to the report. The project split around 800 people experiencing homelessness into three groups and started giving them cash payments shortly after the program launched in November 2022.Group B: People who receive $6,500 upfront and $500 per month afterwardIn partnership with researchers at the University of Denver, preliminary results were released the first week of October.Results also showed groups slept outside less often. In Group A, unsheltered homelessness rates dropped from 6% to 0%.

Christopher Drury, who lives at the encampment near 50th Avenue and Dahlia Street in north Denver, said the cash program will only work for those who want a new start.

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