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

logo
Pilot Features  
Number of Participants200 individuals
Median Household Income$7,350 per year
Amount$1,000
Frequencymonthly
Program DatesAugust 2022-July 2024
Eligibility18-24 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

Demographic Data for Pilot 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

gender

Male

12.3%

Female

87.7%

Other

0.0%

marital status

Married

10.0%

Single

89.2%

Partnered/In-Relationship

0.8%

children in household

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%

ethnicity

Hispanic

5.4%

Non-Hispanic

94.6%

primary language at home

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.

Start of Covid-19 PandemicJan 2019MarMayJulSepNovJan 2020MarMayJulSepNovJan 2021MarMayJulSepNovJan 2022MarMayJulSepNovJan 2023MarMayJulSepNovJan 2024MarMayJulSepNovJan 2025MarMayJulSepNovJan 202602468101214161820Unemployment02468101214161820Inflation
Unemployment  
Inflation  
Pilot Timeline
;
Ariana

“You know how they say life gets harder before it gets better? It did. It got worse.”

Ariana

Baltimore Young Families Success Fund (BYFSF)

Baltimore, MD

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