Frequently Asked Questions
Below are questions that are frequently asked regarding the Stay Midtown program.
What is Stay Midtown?
Stay Midtown is a housing program that offers a financial incentive to eligible Midtown applicants that are finding it more and more difficult to afford living costs in Midtown.
Stay Midtown is a housing program that offers a financial incentive to eligible Midtown applicants that are finding it more and more difficult to afford living costs in Midtown.
Who is eligible for the program?
Stay Midtown is targeted towards current Midtown residents, with a household income between 50%-80% AMI.
Stay Midtown is targeted towards current Midtown residents, with a household income between 50%-80% AMI.
What is AMI?
AMI stands for area median income. This is a figure based on household size that is representative of what the average household income in a given area should be. AMI is reevaluated on an annual basis by the US Department of Housing and Urban Development.
AMI stands for area median income. This is a figure based on household size that is representative of what the average household income in a given area should be. AMI is reevaluated on an annual basis by the US Department of Housing and Urban Development.
What are the income limits for the 50%-80% AMI?
Household Size |
50% AMI |
80% AMI |
1 Person |
$24,050 |
$38,480 |
2 Person |
$27,450 |
$43,920 |
3 Person |
$30,900 |
$49,440 |
4 Person |
$34,300 |
$54,880 |
5 Person |
$37,050 |
$59,280 |
6 Person |
$39,800 |
$63,680 |
7 Person |
$42,550 |
$68,080 |
8 Person |
$45,300 |
$72,480 |
What is a housing cost burden?
No more than 30% of a household's combined pre-tax income should be spent on housing costs. Anything over 30% is considered a burden.
Example: A household has a total income of $40,000 per year.
30% of $40,000 is $12,000. This means that no more than $12,000 per year (or $1,000 per month) should be spent on housing costs.
Lets say that this household pays $1,200 per month in housing costs. This would mean that this household has a $200/month housing burden.
No more than 30% of a household's combined pre-tax income should be spent on housing costs. Anything over 30% is considered a burden.
Example: A household has a total income of $40,000 per year.
30% of $40,000 is $12,000. This means that no more than $12,000 per year (or $1,000 per month) should be spent on housing costs.
Lets say that this household pays $1,200 per month in housing costs. This would mean that this household has a $200/month housing burden.
What is considered a housing cost?
Housing costs include monthly rent, utility bills, and any housing or rental insurance.
Housing costs include monthly rent, utility bills, and any housing or rental insurance.
My household income is above 80% AMI, but I am still having trouble paying my rent. Am I still eligible for funding?
Unfortunately, this program has a very specific targeted group, and funding exceptions cannot be made. If an applicant is not eligible for funding, MDI may provide technical assistance to connect the applicant with other potential resources.
Unfortunately, this program has a very specific targeted group, and funding exceptions cannot be made. If an applicant is not eligible for funding, MDI may provide technical assistance to connect the applicant with other potential resources.
My household income is below 50% AMI. Am I eligible for funding?
Unfortunately, this program has a very specific targeted group, and funding exceptions cannot be made. If an applicant is not eligible for funding, MDI may provide technical assistance to connect the applicant with other potential resources.
Unfortunately, this program has a very specific targeted group, and funding exceptions cannot be made. If an applicant is not eligible for funding, MDI may provide technical assistance to connect the applicant with other potential resources.
Who administers the Stay Midtown program?
Stay Midtown is a partnership between Midtown Detroit, Inc. and Capital Impact Partners and is supported by the Ford Foundation and the Kresge Foundation. The program is administered by Midtown Detroit, Inc.
Stay Midtown is a partnership between Midtown Detroit, Inc. and Capital Impact Partners and is supported by the Ford Foundation and the Kresge Foundation. The program is administered by Midtown Detroit, Inc.
How long will this program be in place?
The longevity of this program is dependent on several factors: program funding, participant response, and the continued support from key stakeholders and partners. The program may be altered or cancelled at anytime, and without notice.
The longevity of this program is dependent on several factors: program funding, participant response, and the continued support from key stakeholders and partners. The program may be altered or cancelled at anytime, and without notice.
My current property is not located within the existing program boundaries. Can an exception be made?
Unfortunately, the program is only available for properties within the current boundaries. Exceptions cannot be made, regardless of the property's proximity to the program boundaries.
Unfortunately, the program is only available for properties within the current boundaries. Exceptions cannot be made, regardless of the property's proximity to the program boundaries.
I may have to move out of my current rental because my apartment complex is being renovated. Is there any way the Stay Midtown program can help me?
If you have to move from your current residence due to property rehab/renovation, funding may be available to help you transition into a new rental property. Funding is subject to approval and will be evaluated on a case-by-case basis. Please contact MDI for more information.
If you have to move from your current residence due to property rehab/renovation, funding may be available to help you transition into a new rental property. Funding is subject to approval and will be evaluated on a case-by-case basis. Please contact MDI for more information.
My rent has not increased, but I have always experienced a housing burden. Am I eligible for funding?
Stay Midtown is meant to help existing Midtown residents who have recently experienced an increase in housing costs, that may lead to them having to move out of the district. If you made the choice to live in Midtown, despite the cost burden, you might not be eligible to participate.
Stay Midtown is meant to help existing Midtown residents who have recently experienced an increase in housing costs, that may lead to them having to move out of the district. If you made the choice to live in Midtown, despite the cost burden, you might not be eligible to participate.
