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Quicken), Quicken Loans, DTE Energy (Detroit’s main energy company), and a few other companies can get $20,000 of forgivable loans to purchase a home or apartment within the downtown area, or $3,500 in rental subsidies. Midtown Detroit Inc. has a similar program that has raised $10 million from employers in the area to incentivize 2,000 people to live in Midtown, according to Sue Mosey. Occupancy in Midtown is now at 98 percent. The people who are benefiting from all these subsidies—the gentrifiers of the 7.2—do not seem to realize the work that has gone into bringing and keeping them there. ...more
How to Kill a City: Gentrification, Inequality, and the Fight for the Neighborhood
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