There have been many people affected by the housing crisis nationwide, and Beyonce is stepping up and giving back, once again. She is giving away a total of $500,000 to people who are facing evictions or foreclosures due to the crisis at hand.
Beyonce and the BeyGOOD Impact Fund
Starting January 7, 2021, people can start to apply for the $5,000 grants. 100 people will be selected to receive the grants, and they will be sent out in late January. Beyonce has been known for giving back quite often to those in need, and this is only Phase Two of what the BeyGOOD Impact Fund is doing to help those in need and impacted by the existing housing crisis.
Since the housing freeze ended on December 26th, there will be a rise in mortgage foreclosures and even rental evictions, which will impact many families and even result in job loss as well as an economic downturn.
Homeowners and Renters in Danger
According to Census data conducted by the Center on Budget and Policy Priorities, there are about 9.2 million renters in the U.S. that have lost their income this year due to the circumstances and are behind on rent payments. Once the housing freeze is lifted, many of those renters will have to pay back their entire rent or agree on a payment plan with their landlord. Some of them can also face losing their homes entirely.
The people who apply for the grants that will be given by Beyonce will have to submit the necessary documentation to the NAACO (National Association for the Advancement of Colored People by the set deadline.
Beyonce and the BeyGOOD Foundation have also helped Black-owned small businesses that were affected in 2020 by the various circumstances by also providing them with $10,000 grants. Bey and the BeyGOOD Foundation have worked with people in need in previous years like helping with the local Texans after Hurricane Harvey hit and displaced numerous people.
What would you do if you came across a bag full of cash on the ground? Would you take it and spend it? Or would you hand it in? Well, one teen had to make that tough decision when he found a whopping $135,000 in cash next to an ATM in his hometown. Thankfully, he chose to go down the right path — and he has since been rewarded immensely for his good deed.
The Teen in Question
Jose Nuñez Romaniz is a 19-year-old teen from Albuquerque who is studying Criminal Justice in college. While he made his way to the store to buy socks for his grandfather, Jose decided to stop by a local ATM to deposit some money. To him, it was just another normal day — but he had no idea that his life would change forever.
Finding the Money
As Jose made his way to the ATM, he noticed a clear plastic bag on the floor. On closer inspection, he soon realized that the bag was full of cash. As he stared at the stacks of bills in front of him, he started to think of his options. There was $135,000 in that bag, and that kind of money would make a huge difference to his family’s life — but he knew that it wasn’t the right thing to do. So, he called the police and stayed by the money until they got there.
Offering Him a Job
It turned out that the money had accidentally been left by a bank worker who had been tasked to fill up the ATM, and the police officers were impressed with Jose’s decision. Not only did they congratulate him, but they also offered him a job! He was later given countless gifts, money, and coupons from local businesses, who wanted to celebrate his decision.
Let’s hope that there are more people like Jose out there in the world.