A lot of people have gotten into financial problems due to the coronavirus pandemic, and Beyoncé has stepped in to help some of them through $5,000 grants. As we speak, the housing crisis brought about by the COVID-19 has exposed many people to evictions and foreclosures.

Starting January, the singer has said that people can apply for these grants. The announcement was made on her website, and the grants will be offered to 100 people who will be selected towards the end of January.

In a news release, the celebrity was applauded for her generosity:

"Beyoncé is continuing her heart of support and helping where needed most. Phase Two of the BeyGOOD Impact Fund will now help those impacted by the housing crisis."

The grants will come just in time since the housing moratorium given earlier due to the coronavirus crisis will end in late December. Once that happens, many people will have to deal with rental evictions and mortgage foreclosures.

A lot of families affected by the pandemic have undergone job losses, sickness, and other financial misfortunes, and getting this can get will certainly help.

Center on Budget and Policy Priorities estimates that almost 10 million renters lost their income during the crisis and are therefore behind on their rent.

After the end of the moratorium, these people will have to pay up the unpaid rent. Such people can also try to come up with a payment plan with their landlords.

Failure to do so could mean being thrown out in the streets.

People interested in Beyoncé's grant should provide all the appropriate documents to the National Association for the Advancement of Colored People (NAACP) by the given deadline.

Beyoncé Has Tried To Help Pandemic Victims Before

This won't be the first time pandemic victims have benefitted from Beyoncé's generosity.

Already, BeyGOOD has worked with NAACP to support black-owned small businesses that have been affected by COVID-19. About 250 businesses have so far received $10,000 grants from this initiative.

Also, in May, the popular singer helped set up Covid-19 testing sites with her mother, Tina Knowles-Lawson. They did so in Houston, Texas, their hometown.

In April, Beyoncé also partnered with Jack Dorsey's Start Small fund. In this particular program, she donated $6 million in coronavirus relief funds.

Without a doubt, many people's lives have changed drastically due to the coronavirus pandemic.

Such people need all the help they can get because some of them don't even have an income anymore. That is why the financial assistance Beyoncé and others are offering couldn't have come at a better time.