The singer announced on her website on Tuesday that people will be able to apply for the grants beginning January 7, 2021. They will then send the grants to 100 select people towards the end of January.
‘’Beyoncé is continuing her heart of support and helping where needed the most. Phase two of the BeyGOOD Impact Fund will now help those impacted by the housing crisis.’ According to a press release.
The housing moratorium will end by December 26 and will result in mortgage foreclosures and rental evictions. Many families will be impacted, due to the pandemic which caused the loss of jobs, sickness, and overall economic downturn.
According to an analysis of census data by the Center on Budget and Policy Priorities, an estimated 9.2 million renters are behind on rent after lost income due to the pandemic.
When the program will take effect;
When they lift moratoriums, they expect most of these tenants to pay all of their past rent. Or come up with a payment plan with their landlords. Either that or they could face losing their homes.
Those who apply for the grants must submit the necessary documentation to the National Association for the Advancement of colored people by the deadline.
This, however, is not Beyoncé’s first effort in helping communities hurt by the pandemic. She teamed up with NAACP to support Black-owned small businesses impacted by the pandemic. They do this by providing 250 businesses with $10,000 grants.
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