Beyoncé is putting her wealth to good use over the holidays by donating $500,000 to people losing their homes to eviction after the housing moratorium expires.

Through her BeyGOOD foundation, the 39-year-old superstar announced the pledge via the organization’s website on Tuesday (December 22), which will go towards both families and individuals going through difficult times amid the COVID-19 pandemic.

“Beyoncé is continuing her heart of support and helping where needed most,” the statement read. “Phase Two of the BeyGOOD Impact Fund will now help those impacted by the housing crisis. The housing moratorium is set to end on December 26th, resulting in mortgage foreclosures and rental evictions. Many families are impacted, due to the pandemic that resulted in job loss, sickness and overall economy downturn.”

The statement continued, “This holiday season, while many are stressed with what they will do next regarding their housing, we are proud to share some GOOD news. Beyoncé is giving $5K grants to individuals and families facing foreclosures or evictions.”

In order to be considered for the fund, documents must be provided to the NAACP, with the online application process opening January 7. Grants will be paid out to 100 recipients later that month, followed by a second round of payments beginning in February.

Beyoncé’s latest efforts follow the launch of the BeyGOOD Small Business Impact fund earlier this year, which has donated to 250 small businesses that have each received $10,000 grants.

“When we were faced with the pandemic caused by COVID-19, BeyGOOD created a plan to make a difference,” the statement read. “We assisted organizations across the country that were providing people with basic needs like food, water, household supplies and COVID testing. We also provided mental health support.”

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