Beyonce's housing relief initiative has launched

BeyGood Foundation announced on Instagram: "Housing assistance is here. Online applications start today for those impacted by the housing crisis caused by the pandemic. Go to @naacp.org for more info and to apply for the $5K grants (sic)"

The initiative will help 100 African American households who have got behind on their rent or mortgages due to income struggles amid the global health crisis.

A statement on the NAACP website explained: "The NAACP is committed to helping ensure African Americans maintain their wealth and financial security during this unprecedented time of COVID-19.

"We are partnering with BeyGOOD to provide one hundred grants up to $5,000 each to families who are delinquent in their home mortgage or rental payments.”

The 'Crazy in Love' hitmaker announced details of the scheme - which will feature a second round of applications next month - in December.

A message on her website 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.

"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. All necessary documentation must be provided to the NAACP. Online Application process opens January 7, 2021, where 100 recipients will be selected and grants disbursed in late January. Round 2 will open in February. And there’s more holiday GOOD NEWS. Stay tuned next week as we announce the December recipients of the Small Business Impact Fund. #BeyGOOD ... Keep the Faith ... Remain in Hope ... Together we can all Help (sic)"

BeyGOOD have already been supporting black-owned small businesses amid the coronavirus pandemic as well as donating $6 million to mental health wellness.

Speaking about the support they have provided since the start of the pandemic, they added: "When we were faced with the pandemic caused by COVID-19, BeyGOOD created a plan to make a difference. We assisted organisations across the country that were providing people with basic needs like food, water, household supplies and COVID testing. We also provided mental health support. We then launched our BeyGOOD Small Business Impact fund and to date over 250 small businesses have received $10k grants. Beyoncé is continuing her heart of support and helping where needed most."