Each month for 18 months, 130 adults living in the city’s lower-income neighborhood will receive $500 to spend however they want. Researchers with SEED will track, study and analyze how the income boost affects residents’ spending and saving habits, and how it influences other factors such as quality of life and financial stability.

The money for the program comes partially from a $1 million grant from the Economic Security Project, a network organization that has raised $10 million to fund and explore universal basic income programs and their viability. Another $2 million for the program comes from foundations and individual donors, according to ESP spokeswoman Saadia McConville.

“I think (the program) will make people work better and smarter and harder,” Mayor Michael Tubbs told NPR last year. “We’re not just designed just to work all day and run a rat race. We’re designed to be in community, to volunteer, to vote, to raise our kids. And I think the more inputs and investments we can give in people to do those things, the better off we are as a community.”