GI 305's Madison Paez and Jandrick Castro led the charge against income inequality and housing instability.
In a bold move to combat income disparity and housing insecurity, GI 305, a newly established non-profit, launched Miami-Dade County's first guaranteed income program. Founded by social impact entrepreneurs Madison Paez and Jandrick Castro, the program plans to disburse $650 a month for a year to 75 residents in six highly distressed neighborhoods.
Unconditional support for vulnerable communities
GI 305, founded by Madison Paez and Jandrick Castro in the summer of 2023, is set to disburse $650 a month for a year to 75 residents in six distressed neighborhoods: Allapattah, Liberty City, Little Haiti, Little Havana, Overtown, and Wynwood. This pioneering initiative aims to meet basic needs, counteracting the rising cost of living and fostering community cohesion.
GI 305: addressing Miami's housing crisis head-on
Miami-Dade County faces the second-highest rate of income inequality in the nation, coupled with a severe housing crisis. With two-thirds of households spending over a third of their income on housing, GI 305's guaranteed income program becomes a beacon of hope. The initiative not only improves individual outcomes but strives to uplift entire communities.
GI 305 addresses these pressing issues by providing unconditional cash payments to residents starting in Spring 2024. The organization focuses on Liberty City, Allapattah, Little Havana, Overtown, Little Haiti, and Wynwood, areas marked by rapid income inequality growth and gentrification.
The organization is actively seeking support through The Miami Foundation's Give Miami Day, with all donations matched. Early giving starts on Nov. 13, 2023. To enroll or donate, visit www.gi305.org.
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