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Tagged: live midtown

Economy
6:00 am
Tue September 6, 2011

Cash incentives have "absorbed" a lot of housing stock in midtown Detroit

Credit user Bernt Rostad / Flickr
Detroit skyline

Three Detroit businesses earlier this year began to offer up to $25,000 to encourage their employees to buy a place to live in Midtown Detroit. But the "Live Midtown" incentives have created a new kind of housing crisis in the city: a housing shortage. 

Austin Black is a realtor with City Living Detroit in midtown. He says in 2007 - 2008, the area was flush with unsold units. But he says now many of his clients have become frustrated looking for housing in the area.

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