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Use of the cards will only be permitted at bodegas, grocery stores, supermarkets and convenience stores with participating families required to sign an affidavit swearing to using the cards for food and baby supplies or risk being booted from the program, according to the Post, which compared it to the state’s food stamp program known as Supplemental Nutrition Assistance Program (SNAP).
MoCaFi—short for Mobility Capital Finance—is a New York–based fintech devoted to serving customers from among the 50 million people with no or limited access to banks, and giving them the tools that help build wealth over generations.
New York City Councilman Joe Borelli criticized the program, telling Fox 5 NY that it’s providing illegal immigrants with services on the taxpayer dime.
“We’re just giving this migrant population more free stuff at the expense of New York City taxpayers,” he told the outlet.
It comes as taxpayers in New York City face sharp cuts to services such as policing and education because the city has had to divert money to cover expenses associated with the influx of illegal immigrants.
The size of the family will affect the amount provided on the pre-paid cards, with a family of four set to receive about $1,000 per month, according to the Post.
Neither HPD nor Mayor Eric Adams’s office replied to a request for more details about the program.
However, a spokesperson for Mr. Adams’s office told the Post that the program will make it easier for qualifying families to get the food of their choice—and will save the city money.
“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,” Kayla Mamelak, the mayor’s spokesperson, said.
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