City tackles housing crisis with new attainable units

During a recent city council meeting, officials discussed several key initiatives aimed at enhancing community development and addressing housing challenges in Sterling Heights. A significant focus was placed on the city’s tree preservation efforts, with plans to utilize a tree fund to plant trees along city rights-of-way. This initiative aligns with the council's broader environmental goals.

The council also addressed the process of a lot split related to property sales, clarifying that the city would retain ownership of certain green spaces post-sale. City officials emphasized that improvements made to the property would ultimately benefit the community, particularly in expanding trailways.

In terms of economic development, the meeting highlighted the current industrial and commercial vacancy rates in the city. The industrial vacancy rate stands at a low 1-1.5%, which is notably better than the national average. Conversely, the commercial vacancy rate has remained between 9-10%, exacerbated by the recent closure of Lakeside Mall. This figure is slightly above the regional standard of 7-9%.

A pressing topic was the need for attainable housing in Sterling Heights. Council members noted that rising home prices, driven by a scarcity of available properties, have made it increasingly difficult for residents, particularly younger individuals and families, to enter the housing market. The discussion included insights from a recent market study indicating that average rents for new apartments in the area hover around $600, while proposed new units would range from $795 to $1,165.

The council also shared positive developments regarding a new attainable housing project, formerly known as Windham Gardens, which has already reached 53% occupancy within just a few months of opening. The project aims to cater to various demographics, including empty nesters, young adults, and local workers, particularly those employed at nearby Stellantis.

Overall, the meeting underscored the city’s commitment to fostering economic growth, enhancing community spaces, and addressing the urgent need for affordable housing options.