NYC launches $53M program for migrant families with prepaid credit cards
OAN’s Abril Elfi
10:25 AM – Saturday, February 3, 2024
New York City Launches $53 Million Program to Support Migrants
New York City is taking a bold step to support migrants by introducing a $53 million program that offers pre-paid credit cards. This initiative, led by Mayor Eric Adams’ office and Mobility Capital Finance, aims to assist immigrants with their food costs while they await federal work authorization.
Program Details
- Only bodegas, grocery stores, supermarkets, and convenience stores accept the cards.
- Recipients must sign an affidavit promising to use the money solely for food and baby supplies to remain in the program.
- The amount loaded onto the cards will vary based on family size and income.
- A family of four could receive $35 per day or $1,000 per month, with card refills every 28 days.
Mobility Capital Finance CEO Wole Coaxum expressed excitement about partnering with New York City to provide funds for asylum seekers to purchase fresh, hot food. Coaxum emphasized the importance of expanding financial resources for individuals excluded from banking, such as asylum seekers, while also stimulating the local economy.
“MoCaFi looks forward to partnering with New York City to disburse funds for asylum seekers to purchase fresh, hot food,” Coaxum said. “MoCaFi’s goal is to expand access to financial resources for individuals excluded from banking, such as asylum seekers, while helping the local economy.”
Initially, the program will provide cards to 500 people, but there are plans to extend it to include the estimated 15,000 migrants residing in the city.
Mayor Adams’ spokesperson, Kayla Mamelak, highlighted the benefits of the program, stating that it will not only provide families with the ability to purchase fresh food and baby supplies according to their cultural preferences but also save the city over $600,000 per month, amounting to more than $7.2 million annually.
“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,” Mamelak said.
This pre-paid card initiative was announced shortly after The Post revealed additional agreements worth $137 million with city hotels to accommodate over 750 rooms for asylum-seeking families. With the recent arrival of 1,500 more asylum seekers, the city is now housing over 66,000 people in response to a crisis that is projected to cost $10 billion by 2025.
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How will the prepaid credit cards provided through the program support migrants in New York City?
New York City Launches $53 Million Program to Support Migrants
New York City is taking a bold step to support migrants by introducing a $53 million program that offers prepaid credit cards. This initiative, led by Mayor Eric Adams’ office and Mobility Capital Finance, aims to assist immigrants with their food costs while they await federal work authorization.
Under the program, recipients will receive prepaid credit cards that can be used at bodegas, grocery stores, supermarkets, and convenience stores. However, they must sign an affidavit promising to use the money solely for food and baby supplies to remain in the program. The amount loaded onto the cards will vary based on family size and income, with a family of four potentially receiving $35 per day or $1,000 per month, with card refills every 28 days.
The partnership between New York City and Mobility Capital Finance has been praised by Mobility Capital Finance CEO Wole Coaxum. Coaxum expressed excitement about providing funds for asylum seekers to purchase fresh and hot food, emphasizing the importance of expanding financial resources for individuals excluded from banking, such as asylum seekers, while also stimulating the local economy.
Initially, the program will provide cards to 500 people, but there are plans to extend it to include the estimated 15,000 migrants residing in the city. Mayor Adams’ spokesperson, Kayla Mamelak, highlighted the benefits of the program, stating that it will not only provide families with the ability to purchase fresh food and baby supplies according to their cultural preferences, but also save the city over $600,000 per month, amounting to more than $7.2 million annually.
The prepaid card initiative was announced shortly after The Post revealed additional agreements worth $137 million with city hotels to accommodate asylum seekers. These initiatives demonstrate New York City’s commitment to supporting migrants and providing them with necessary resources as they navigate their new lives.
The launch of this program is a significant step towards greater inclusivity and support for migrants in New York City. By addressing their immediate need for food assistance, the program aims to provide a sense of security and stability for individuals and families who are awaiting federal work authorization. It also recognizes the cultural preferences of migrants and their right to access culturally relevant food and supplies.
Furthermore, this initiative not only supports individuals but also has long-term benefits for the city. By providing funds for asylum seekers to purchase food locally, it stimulates the local economy and strengthens community connections. Additionally, the program’s cost-saving measures alleviate financial burdens on the city, allowing resources to be allocated to other important areas.
Overall, New York City’s $53 million program to support migrants through prepaid credit cards is a progressive and thoughtful approach. It recognizes the unique challenges faced by migrants and takes concrete steps to ensure their well-being and integration into the local community. As the program expands, it has the potential to positively impact the lives of thousands of migrants, while also showcasing New York City as a model for migrant support and inclusivity.
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