T.I. funds new housing development in Bankhead

In a ever changing financial climate where housing prices have sky rocketed, residents can look forward to receiving a helping hand. This helping hand comes from non other than Atlanta's very own, T.I. This week, rapper and entrepreneur T.I. alongside mayor Andre Dickens unveiled the Intrada housing development located on Donald Lee Hollowell Parkway.

The new housing development consists of 140 units that will provide affordable housing to an up and coming area. This community change is one of T.I.'s first housing developments, with plans to open more.

According to Redfin, the average price of homes in Georgia went up by 5.4%, as compared to last year. The average home price is now $367,000, with 24.4% of homes selling above asking price. For Atlantans, the booming housing market can leave some potential homebuyers out of luck, especially those who may not have the financial means to participate in the bidding war.

During an interview on podcast "Earn Your Leisure" T.I. stated:

“With gentrification, 95 percent of the people who work in Atlanta can’t afford to live in Atlanta because the natives of the community, they’ve been pushed out by big people who come in with the big developments,” T.I. told hosts Rashad Bilal and Troy Milling at the time. “Our grandparents and great-grandparents, the houses they worked hard to own for decades, now they can’t afford to pay the taxes. They lose their houses. Now we are living on the outskirts of the city. That changes a lot of things within the infrastructure of the city —  whether that’s politics, it changes the culture.”

Change is on the come for the Atlanta area, and more efforts from celebrities like T.I. make all the difference for those in need.

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