Senator Nancy Skinner announces Hope account to help children of COVID victims

Senator Nancy Skinner has announced plans to introduce legislation to create Hope Accounts for children who have lost a parent or primary guardian due to COVID-19.
Hope accounts would be created by the state of California – accounts would be set up for children who have lost a parent to COVID-19. For children up to 9 years old, up to $ 3,000 would be deposited into their account, for children 10 to 17 years old, up to $ 5,000 would be deposited into their account.

Currently in California, approximately 20,000 children have lost a parent or guardian to COVID-19.

Senator Nancy Skinner, who is also chair of the Senate Budget Committee, commented on her plan. She said:

“The Hope for Children Act will provide a safer future for children who have lost their parents to this deadly pandemic”

she went on to say,

“Children who are long-term wards of the California foster care system and others disproportionately affected by extreme poverty also face an uncertain future, so the law creates the possibility of Hope accounts for these children. “

If adopted, it could help many children who have suffered the loss of a parent. Shimica Gaskins, President and CEO of GRACE – End Child Poverty in CA said:

“The Hope for Children Act is the first of its kind to provide support to children who must now fulfill the role of their parent figures to meet their basic needs. The trust accounts, modeled on ‘baby bonds’, will ensure these children have financial resources as they grow into adulthood and allow California to support foster children and other children. disproportionately affected by poverty in the future. The CalHope program will also provide survivor benefits to ease the burden ”,

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