Residents of Detroit’s Midtown who are in danger of being priced out of their apartments by rising rents could receive up to $4,500 over the next three years to help them stay put in the booming downtown Detroit neighborhood.
Stay Midtown – a partnership between Midtown Detroit Inc., Capitol Impact Partners, the Kresge Foundation and the Ford Foundation – targets Midtown households earning 51 percent to 80 percent of area median income that spend over 30 percent of their income on rent. The income range covers what the minds behind the program called “workforce” Detroiters in Midtown, a popular area of Detroit with about 98 percent occupancy in its apartments and homes. (detnews.com – Ian Thibodeau) Click here to read the latest on this story!
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