What is the Rental Assistance program?
Limited supply and high demand for rental units can cause rental rates to make significant increases. Based on federal guidelines, no more than 30% of total household income should be spent on housing costs. Anything over this 30% threshold is considered a housing cost burden. If you are currently experiencing a housing cost burden due to a recent increase in rent, you may be eligible for the Stay Midtown Rental Assistance Program.
The Stay Midtown Rental Assistance Program is meant to incentivize long time Midtown residents that want to continue to live in the Midtown neighborhood, but may find it increasingly harder to do so. This program is targeted toward households within the 50%-80% levels of the area median income (AMI) of the Detroit-Warren-Livonia, MI Metropolitan Statistical Area as published from time to time by the US Department of Housing and Urban Development.
The Stay Midtown Rental Assistance program can offer funding over a three year period to help bring your overall housing costs back down to the 30% threshold. Participants must requalify on annual basis. The maximum rental assistance amount per household is capped at $4,500 to encourage as many middle-income households as possible to stay in Midtown.
The Stay Midtown Rental Assistance Program is meant to incentivize long time Midtown residents that want to continue to live in the Midtown neighborhood, but may find it increasingly harder to do so. This program is targeted toward households within the 50%-80% levels of the area median income (AMI) of the Detroit-Warren-Livonia, MI Metropolitan Statistical Area as published from time to time by the US Department of Housing and Urban Development.
The Stay Midtown Rental Assistance program can offer funding over a three year period to help bring your overall housing costs back down to the 30% threshold. Participants must requalify on annual basis. The maximum rental assistance amount per household is capped at $4,500 to encourage as many middle-income households as possible to stay in Midtown.
Eligibility
Primary eligibilty considerations - Eligible candidates for rental assistance must:
Additional considerations - Eligible candidates for rental assistance should also:
- Be a current resident of a property within the Stay Midtown boundaries
- Have a household income within the 50%-80% AMI
- Currently be experiencing a cost burden of more than 30% of total household income
- Not be eligible for other federal housing subsidies/vouchers or other housing incentive programs
Additional considerations - Eligible candidates for rental assistance should also:
- Be in good standing with landlord
- Residents should be a Midtown resident for at least 2 years
- Residents should not be full time students
- Residents should not reside in University housing or other "temporary" housing options
- Residents should sign a 12-month lease
- Residents should apply before signing a new lease
I want to apply for Stay Midtown
Before you apply for the Stay Midtown program be sure to download and review our full program guidelines. You can fill out the paper version of the application, which is included with the program guidelines, or you can apply online.
