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18 ATTACHMENT 1-4; 6-9
City of Pleasanton
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18 ATTACHMENT 1-4; 6-9
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8/28/2015 3:03:53 PM
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4/10/2013 3:42:07 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/16/2013
DESTRUCT DATE
15Y
DOCUMENT NO
18 ATTACHMENT 1,4,6,9
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Based on staff review of the two options, it is recommending Option 2 and the attached <br /> Affordable Housing Agreement reflects this options affordability levels and unit mix. This <br /> option is recommended based principally on the following: <br /> . It meets the 15% IZO target of having 15% rent restricted units and other IZO standards <br /> including unit construction quality, affordability for perpetuity and the City's preference <br /> criteria. <br /> . While it does reduce the number of three bedroom units from eight to ten it does increase the <br /> number of two bedroom units from six to ten resulting in a total of 18 units that can <br /> accommodate families rather that the 16 units in Option 1. <br /> . It represents the City best effort in negotiating an agreement in view of the current regulatory <br /> environment and other benefits requested by the City. <br /> . The bedroom mix is generally consistent with other affordable housing projects. <br /> . It continues to meet a need for providing units designed to meet the needs of the physically <br /> disabled <br /> Notwithstanding the above, there are some advantages to Option I in that it provides deeper <br /> affordability for larger families and more 50% and 80% AMI units. However, in view of the <br /> Commission's concern regarding the precedent setting for Affordable Housing Agreements with <br /> less than 15% rent restricted units, Option 2 represents the better option and it is staff's <br /> recommendation. The developer has agreed however, to honor the original proposal should the <br /> Commission and City Council find it preferable. <br /> Following the Commission's decision on this matter this development will be reviewed by the <br /> Planning Commission as part of the PUD process. The City Council will 1:hen decide on both <br /> the PUD and the recommended Affordable Housing Agreement. <br /> Page - ; - <br />
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