Baltimore Young Families Success Fund (BYFSF)
The Baltimore Young Families Success Fund (BYFSF) was launched in 2022 by Mayor Brandon Scott.
200
participants
$1,000
monthly payment
2 Years
duration
$4,800,000
invested in community
| Pilot Features | |
|---|---|
| Number of Participants | 200 individuals |
| Amount | $1,000 |
| Frequency | monthly |
| Program Dates | August 2022-July 2024 |
| Eligibility | 18-24 years old, Baltimore city residents, biological or adoptive parents, guardians, or have full or partial care taking responsibilities, and have an income at or below 300% of the federal poverty line, based on household size. |
About the Baltimore Young Families Success Fund (BYFSF)
Baltimore is the birthplace of redlining and residential segregation. That legacy shows up in stark inequalities and continues to shape life in the City today. These inequalities have only been exacerbated by the COVID-19 pandemic and have disproportionately impacted low income families. Baltimore Young Families Success Fund (BYFSF) will combat the economic fallout from COVID-19 by providing payments to young parents who have been hit hardest by the crisis with schools and daycare closing, experiences of unemployment, and housing or food insecurity. Now more than ever we have an opportunity to create a more resilient economy and financial stability to families through guaranteed income. To ensure the economic security and dignity of Baltimore City residents, we must be willing to invest in bold solutions such as a guaranteed income through the BYFSF.
Data last updated on 9/28/2022
Share Via
COMMUNITY FEATURES
$44,797
$38,000
Median household income
21.2%
20%
Poverty rate
37.3%
31%
Housing burden
31.2%
40%
Childcare cost burden
8.5%
8%
Unemployment rate
STOCKTON
STATE MEDIAN
Demographic Data for Study Participants
Median Annual Household income
BYFSF
$7,350.00
Baltimore, MD
$55,198
Annual Household Income (Mean)
$15,071.00
Sample Size
130
Avg. Age of Respondent
21.9
Avg. Children in Household
1.4
Avg. Household Size
2.9
gendermarital statuschildren in household
Male
12.3%
Female
87.7%
Other
0.0%
Married
10.0%
Single
89.2%
Partnered/In-Relationship
0.8%
Yes
95%
No
5%
race
White
3.1%
African American
91.5%
American Indian/Alaska Native
0.0%
Asian
1.5%
Native Hawaiian/Pacific Islander
0.0%
Latino
1.50%
Other/Mixed
2.30%
ethnicityprimary language at home
Hispanic
5.4%
Non-Hispanic
94.6%
English
96.2%
Spanish
3.1%
Other
0.80%
Economic Context for Pilot Participants
The guaranteed income pilot launched during a period of dynamic change and economic challenges for pilot participants. The chart below situates this pilot in the context of unemployment and inflation.
Unemployment
Inflation
Pilot Timeline
