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ATTACHMENT 2 Citizens for a Caring Community P.O. Box 1781 , Pleasanton CA 94566 March 21. 2013 Pleasanton Housing Commission City of Pleasanton Pleasanton CA 94566 Re: Agenda Item 8 -Affordable Housing Agreement with Pleasant Partners Dear Chairman Casey and Pleasanton Housing Commissioners, After reviewing the staff report for this Agreement, Citizens for a Caring Community (CCC) offers the following comments and suggestions: Pleasant Partners' Option 2 is a disappointment to us, and probably to you as well. Although the City Manager assured the City Council on March 5 that Pleasant Partners is eager to comply with Pleasanton's now defunct IZO, the new proposal fails to meet that minimal standard. He also asserted that, although the IZO had ceased to exist as law, the City would still require applicants to fully comply with the Hacienda TOD Standards and Design Guidelines ("Guidelines"). However, we believe that Option 2 falls well short of the Guidelines as well. Reviewing the contributions of multi-family development in Hacienda to Pleasanton's affordable housing stock, both before and after adoption of the I laeienda TOD Standards, would lead one to expect the California Center development to achieve so much more: Pre-Guidelines adoption Archstone Hacienda developed at lower density, but provided greater affordability with 25% of of its units to renting to households earning 80% AMI in perpetuity. Post-Guidelines adoption BRE was approved with 15% of its units affordable to households earning 50% AM1. On March 14, St. Anton Capital (Ncaron site)proposed to the California Statewide Communities Development Authority that 20% of their units (34)would be affordable to households earning 50% AMI. This includes 13 -IBR, 18-2BR, and 3-3BR (see attached Housing Bond Application). Compare these to California Center's two proposals. February 21 (Option 1): March 21 (Option 2): 50% AMI: 10 units (studios-5, IBR-5) 8 units (studio-5, IBR-3) 80% AMI: 21 units (IBR-5, 2BR-6, 3BR-10) 15 units (studio-3, IBR-4, 2BR-4, 3BR-4) 100%AMI: 5 units (1BR-5) 23 units (studio-8, 1BR-5, 2BR-6, 3BR-4) * TOTAL AFFORDABLE: TOTAL AFFORDABLE: Option 1 - 31 units or 10% affordable Option 2 -23 units or 7.5% affordable Only apartments renting to households earning below 80% AMI should be counted as affordable, on any parcel zoned 30 units/acre. Housing built at this density is, by definition of State law, affordable to moderate income households earning 80-120% AMI.