Tim McGraw, Faith HillIn 2003, Tim McGraw and Faith Hill purchased a 10,500 square foot, two-story Mediterranean estate in Beverly Hills, Calif. Set on four acres, it boasted six bedrooms, seven-and-a-half baths, limestone floors, a swimming pool, spa and gym. According to the Los Angeles Times, the couple paid a cool $6.4 million for it. Today, they've sold it for $9.5 million.

But Tim is quick to point out that he and Faith never bought the palatial West Coast estate with the intention of putting down family roots and 'going Hollywood.' Tennessee has always been home to them ... and it's where they will continue to raise their three daughters, Gracie, Maggie and Audrey.

"When I moved [to Tennessee] in 1989, I instantly knew that whether I was going to be plugging songs to somebody or carrying a guitar for somebody, that I was going to live in Nashville for the rest of my life," Tim tells GAC. "I really love this city, I love the community, I love the people. It's a hard-working city. It's a city full of people who bust their ass every day. They go to work, they take care of their family, they go to Little League on Wednesday nights and Friday nights, and it's just a blue-collar kind of place. I can't think of any place I'd rather raise my kids."

On Tuesday, June 22, Tim and Faith will hold an all-star, benefit concert for flood relief to help raise funds for their beloved community devastated by the recent flood and continuing on the road to recovery. Called Nashville Rising, the event will be held at Nashville's Bridgestone Arena. Just a few of the many stars scheduled to perform are Taylor Swift, Carrie Underwood, Miranda Lambert, Toby Keith, Brooks & Dunn, Billy Ray Cyrus and Miley Cyrus.

"You feel for people, because these things always seem to happen to people who really can't afford for it to happen," says Tim. "People that are living paycheck to paycheck and barely getting by.

"It's not rocket science, what we do. We're musicians and we sort of get to goof off for our whole career ... so all we can do is put on a show and have all our friends do it," he continues. "The people who really put the money into it are the people who were affected. The people who lost their homes are the people who are buying the tickets and showing up. So they're really putting the money in ... so I feel like it's what we oughta do."

In addition to hosting Nashville Rising with Faith, Tim will also host 'CMA Music Festival: Country's Night to Rock' on ABC, Sept. 1.