Special Incentives to LIVE in MIDTOWN or DOWNTOWN Detroit!

A LITTLE BIT OF DETROIT & MIDTOWN (VIDEOS)

Discovering Downtown

Live, Learn, Work & Play in Midtown Detroit - Wayne State University

Green Rehabilitation - 71 Garfield, Midtown Detroit

SPECIAL PROGRAM FOR EMPLOYEES OF

Detroit Medical Center, Henry Ford Health System,
and Wayne State University

Perks if you work at DMC, HFHS or WSU:

• New renters receive a $2,500 allowance of funding toward the cost of their apartment in the first year followed by additional funding of $1,000.00 for the second year.
• Existing renters receive a $1,000 allowance of funding for renewing a lease in 2011.

• New homeowners receive a $20,000 forgivable loan toward the purchase of their primary residence if taken one-time, OR $25,000 at the rate of $5,000 per year if taken over 5 years.

• Existing homeowners receive matching funds of up to $5,000 for exterior improvements for projects of $10,000 or more.

DTE Energy, Compuware, Quicken Loans,
Blue Cross Blue Shield of MI, and Strategic Staffing Solutions
 

Perks if you work at DTE, Compuware, Quicken Loans, BCBS, S3:

• People buying homes would receive a $20,000 forgivable loan, paid over a certain number of years, toward the purchase of a primary residence.

• Existing homeowners in the neighborhoods can receive matching funds up to $5,000 for exterior property improvements of $10,000 or more.

• New renters will receive $2,500 toward the cost of an apartment in the first year, followed by $1,000 a second year.

• Existing renters will receive $1,000 in those neighborhoods for renewing a lease in 2011.

Source: Crain's Detroit Business and The Detroit News

For more information or assistance, contact WSU Alumni and Midtown REALTOR(R)

REGGIE FLUKER, MBA at 313-516-8822
Licensed to practice since 1981 - Investing in Midtown since 1992

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 About… Live Midtown

Program highlights

Funded by the three anchor institutions along with the Troy-based Kres-ge Foundation, the Detroit-based Hudson-Webber Foundation and the Michigan State Housing Development Authority, Live Midtown will offer allowances toward rent to new and renewing renters and down-payment assistance to prospective homebuyers, to the tune of $1.2 million in the program's first year. How many new or renewing residents the program can serve depends on how many take advantage of the $20,000-$25,000 loan for homebuyers compared to the $2,500 allowance for new renters and $1,000 allowance for renewing renters, said Sue Mosey, president of the University Cultural Center Association.  There's also $5,000 in matching funds for exterior home improvement projects.

Who is eligible

Henry Ford is making the program available to full- and part-time employees, contingents, residents and fellows; DMC and Wayne only to benefit-eligible employees. Together, the institutions employ roughly 30,000.

Targeted Area

The program area is bounded by the alley north of Philadelphia Street to the north, I-75 to the east, Mack Avenue/Martin Luther King Jr. Boulevard to the south, Grand River Avenue to the southwest and Rosa Parks Boulevard to the west, which includes New Center, parts of Midtown, the Virginia Park and Woodbridge neighborhoods.

(Excerpts from Crain’s Detroit Business)

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