Live Midtown, a residential incentive program created last year to encourage Wayne State, Henry Ford Health System and Detroit Medical Center employees to live where they work, has been reinstated for 2012. In 2011, 256 employees from the three Midtown anchor institutions took advantage of more than $1 million in financial incentives through the program.
This year’s program offers four taxable incentive options – administered by Midtown Detroit, Inc. – to accommodate those looking to purchase or rent a home, and current Midtown homeowners interested in exterior improvements.
Live Midtown incentives include:
- $20,000 forgivable loans for new homeowners purchasing their primary residence
- $5,000 in matching funds for exterior home improvement projects
- $2,500 for new renters the first year, plus $1,000 the second year
- $1,000 for existing renters who renew leases
The Live Midtown program is administered by Midtown Detroit, Inc. It is subject to the availability of funds and may be cancelled at any time. All Live Midtown funding is taxable.
The Live Midtown program is available to Wayne State University benefit-eligible employees only. Employees must be preapproved by WSU Human Resources to participate in the Live Midtown program.
To apply or to learn more about Live Midtown, visit livemidtown.org, or contact WSU Human Resources at 313-577-3717 or email@example.com.
If you have questions about a Live Midtown application submitted to Midtown Detroit, Inc., please call 313-420-6000.