(KGTV) — Beyoncé is committing $500,000 in help to people facing foreclosures or evictions during the pandemic.
Through the organization BeyGOOD, $5,000 grants will be given to 100 recipients selected through an application process in late January 2021.
While the federal housing moratorium for federally-backed mortgages was extended through January 2021, the singer said online that after helping small businesses her organization will now reach out to people affected by the housing crisis due to the coronavirus pandemic.
"Many families are impacted, due to the pandemic that resulted in job loss, sickness and overall economy downturn. This holiday season, while many are stressed with what they will do next regarding their housing, we are proud to share some good news," a post on Beyoncé's website read.
BeyGOOD has already helped more than 250 small businesses impacted by the pandemic with $10,000 grants each with its Small Business Impact Fund, the group says.
To apply for the housing assistance, the application process will open on Jan. 7, 2021. All needed documentation must be provided to the NAACP. A second round will be opened in February.
The one-month extension of the government's housing moratorium was announced as legislators continue to debate over a second stimulus package for Americans.