NYC Launches $53M Program to Hand Out Pre-Paid Credit Cards to Migrant Families; New York City to Hand out $53M in Prepaid Credit Cards to Migrant Families; 50 Cent Blasts Mayor Adams Plan to Give Pre-Paid Credit Cards to Migrants: ‘Maybe TRUMP is the answer’

NYC launches $53M program to hand out pre-paid credit cards to migrant families:

Mayor Eric Adams’ administration will soon start handing out pre-paid credit cards to migrant families being put up in Big Apple hotels, The Post has learned.

The $53 million pilot program, run by the New Jersey company Mobility Capital Finance, will provide asylum seekers arriving at the Roosevelt Hotel with the city cash to help them buy food, according to city records.

It’ll start with a group of 500 migrant families in short-term hotel stays and will replace the current food service offered there, according to City Hall.

The cards can only be used at bodegas, grocery stores, supermarkets and convenience stores — and migrants must sign an affidavit swearing they will only spend the funds on food and baby supplies or they will be kicked out of the program.

The Immediate Response Card initiative appears akin to the state’s food stamp program, dubbed SNAP, which provides lower-income New Yorkers with a credit card to cover the cost of meals, and will provide funds based on the same scale.

The amount on each card will vary depending on the size of the family and whether any income is coming in, according to the details of the contract. A family of four, for instance, could be provided nearly $1,000 each month, which comes out to $35 per day for food. Cards will get refilled every 28 days. —>READ MORE HERE

New York City to hand out $53 million in prepaid credit cards to migrant families: report

New York City will soon launch a $53 million pilot program to hand out prepaid credit cards to migrant families housed in hotels, according to a report.

The New York Post, citing city records, reported that 500 migrant families at the Roosevelt Hotel will receive prepaid cards to help them buy food. The program is intended to replace the current food service provided there, the Post reported.

“Not only will this provide families with the ability to purchase fresh food for their culturally relevant diets and the baby supplies of their choosing, but the pilot program is expected to save New York City more than $600,000 per month, or more than $7.2 million annually,” a spokesperson for New York City Mayor Eric Adams told the paper in a statement.

City Hall did not immediately respond to a request for comment.

The prepaid cards may only be used at bodegas, grocery stores, supermarkets and convenience stores. Migrants eligible for the program must sign an affidavit stating they will only spend the funds on food and baby supplies, or else they would lose access to the funds, the report said.

The amount available to each migrant family depends on their size and how much income they are receiving, according to the contract reviewed by the Post. A family of four might be provided nearly $1,000 each month, or $35 per day for food, the Post reported. The cards are replenished every 28 days.

New Jersey company Mobility Capital Finance has partnered with the city to run the program. —>READ MORE HERE

Follow link below to a related story:

+++++50 Cent Blasts Mayor Adams Plan to Give Pre-Paid Credit Cards to Migrants: ‘Maybe TRUMP is the answer’+++++

Source