From Mlive:

DETROIT, MI - The demand to live in the downtown, Central Business District and Midtown areas of Detroit cannot keep up with available housing, Susan Mosey, who heads Midtown Detroit, Inc., told a meeting of Detroit Young Professionals last night.
"We're desperately trying to bring more housing product in the neighborhood, that's the next thing we're spending a lot of time trying to do," Mosey said.
The downtown and Midtown areas are now at occupancy levels of 97 percent and 96 percent, respectively, she said.
At the same time, the Live Midtown and Live Downtown programs continue to see high interest and show no signs of waning, as they plan to spend $2 million a year on attracting young workers to post up in Detroit proper.

The program was launched last year as a partnership with Henry Ford Health System, Wayne State University and Detroit Medical Center as a way to get young workers to live in the Midtown area, by offering $2,500 in annual rent assistance or a $20,000 down payment on a home purchase. The effort's initial $5 million was matched by the Hudson River Foundation, the Michigan Housing Development Authority and the Kresge Foundation.
Large employers in the downtown area took note of the program, and soon Compuware, Quicken Loans, Blue Cross Blue Shield, Strategic Staffing and DTE Energy added another $5 million to the effort to draw their young workers downtown.
About $2 million has been spent so far, Mosey said, and the program plans to continue to spend $2 million each year for the next four years. It recently accepted its 676th applicant.
"We haven't seen any slowdown or interest, in this program, in downtown or Midtown," she said.

PaulieG