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• Establishes anannuallimit for-new res4d-een1ial units-(with the-exception-described in-the previous paragraph); Requires-the apportionment of new residential units-to categories of projects(i.e.- affordable projects; major--projects;-and first-come;-first-serve-projects); • Describes-a process for-obtaining-an-allocation-under-the program. In-recent years, as fewer large residential-development-sites are available, ands number-off residential n' seeking-buildingpermits-became-significantly lower than the annual-allocation; the growth-management-ordinance-has not-come into play.In 2010-,--the-City amended-its Growth Managemer>-ordinance-to-ensure-thatit did not-prevent the-City-from approving residential development-assigned to the City through-the RHNA-process—Because the-number of units approved-to-date in this-planning-period (January 2007 through-June 201-4)+s-1,976-units-less than-the RHNA-assignment;-there are extensive opportunities for new-housing development in the-planning-period-such that the amended-Growth-Management-Ordinance-will-have no impact on the cost, supply, timing-or affordability of housing-likely to-be-proposed in-that time-frame- However, as this-Housing Element will result-in the redesignation of a-number of sites to allow multifamily residential development, and as-housing development emerges-from the-recent slump-the City will conduct a review-of the Growth-Management Program-as-necessary-to-ensure that that growth is consistent-with housing-needs and-infrastructure-capacity (Program-9.1). The City of Pleasanton's current Growth Management Ordinance allows approval of 350 units per year, subject to the following: - Second units, condominium conversions, and security residences on commercial or industrial properties are exempt. - Fifty (50) units peryear are set aside for"affordable housing projects." - Two hundred (200) units per year are set aside for major projects, or those protects with 100 or more units. One hundred (100) units per year are reserved for"first come, first served" projects which include single residences and any other protect that is not an affordable proiect, or a major project. Fifteen of the 100 "first come first served" are reserved for single-lot custom homes. In 2009, the Ordinance was revised to reflect that the 350-unit-per-year limit would be exceeded if needed to meet obligations under the City's RHNA allocation. The program includes provisions for carrying over growth management allocations to subsequent years, borrowing allocations from succeeding years, and for use of unused major project and "first come first served" project allocations in each year. In recent years, as fewer large residential development sites are available, and the number of residential units seeking building permits City of Pleasanton Housing Element BACKGROUND—February 2012 97