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$500 payments going out again: What to know about the new round from a $2.5 million fund

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Guaranteed Income $500 checks will reach 125 Indianapolis households through 2028 under a $2.5 million housing stability program. The monthly $500 payments target low-income renters facing eviction and rising housing costs. Leaders expanded the guaranteed income program after an 18-month pilot boosted employment and credit scores. Families receive direct cash with no strings attached. Officials say this data-driven housing support model reduces eviction risk and strengthens financial stability in 2026.














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