Tyler Perry is stepping up to help senior citizens on fixed incomes deal with the rising cost of living in Atlanta.
As more people move into neighborhoods near Tyler Perry Studios, property values and property taxes in the area are rising.
To address this, the movie mogul donated $750,000 to seniors living near the sprawling production facility to cover the cost of increases in their property taxes, local television station 11 Alive reported this week.
Perry partnered with the Atlanta mayor’s office to get much-needed financial help to seniors at risk of losing their homes.
“Atlanta’s growth and prosperity should not come at the expense of our legacy residents — many of whom have been priced out of their homes in previous years,” Mayor Andre Dickens said in a statement to 11 Alive.
“Tyler Perry has been engaged in our ongoing conversations around legacy resident retention, and he told me he wanted to do something to support these efforts. Thanks to his generosity, more Atlantans will be able to remain in the communities they built,” Dickens added.
Some of the funds are being used for a pilot program to pay the difference between the current tax rate and future increases. According to published reports, the program will freeze taxes for about 100 low-income seniors for the next 20 years.
Invest Atlanta Partnership, a local nonprofit, will be responsible for distributing the donated funds to eligible seniors.