Actor and film director Tyler Perry is donating $2.75 million to elderly homeowners in Atlanta to ensure they can stay in their homes.
A few weeks ago, Perry reached out to Atlanta Mayor Andre Dickens to help fixed-income residents who could lose their homes due to rising property taxes, the Atlanta Journal-Constitution reported.
Perry, ranked by Forbes as the third highest-paid artist in the world, will pay property taxes for 300 low-income Atlanta seniors, the newspaper reported.
Support includes city, county and school taxes. Berry would also cover all tax increases for 100 low-income seniors for the next 20 years.
He donated $750,000 in the first year to cover back taxes and any property tax increases, and he has pledged $500,000 annually for the next four years to ensure residents stop paying those taxes.
The funds are managed by the Invest Atlanta Partnership, the not-for-profit arm of the Atlanta Economic Development Authority.