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18 ATTACHMENT 1-4; 6-9
City of Pleasanton
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041613
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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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ATTACHMENT I <br /> Income, fifteen (15) Affordable units available for rent to households at or below 80% of <br /> the Area Median Income, and twenty three (23) Affordable units available for rent at or <br /> below 100% of the Area Median Income as set forth herein. The Affordable units shall he <br /> consistent with the following: <br /> A. The Affordable unit mix shall be as follows: <br /> Very Low Low Median <br /> Unit Type Income Income Income <br /> (50% of AMI) (80"/o of AMI) (100% of AMI) <br /> Studio 5 3 8 <br /> I Bedroom 3 4 5 <br /> 2 Bedroom 0 4 6 <br /> 3 Bedroom 0 4 4 <br /> Total 8 15 23 <br /> B. Affordable unit rents shall be based on the following household sizes: <br /> Unit Type Household Size <br /> Studio Unit One (I) person household <br /> I Bedroom t Init Two (2) person household <br /> 2 Bedroom Unit Three (3) person household <br /> 3 Bedroom Unit Five (5) person household <br /> C. The monthly rent for each of the Affordable units shall be calculated based on the <br /> following: <br /> (i) The twenty three(23) Affordable units at Median income shall not exceed <br /> one-twelfth of 100 % of the Area Median Income adjusted for the household sizes <br /> listed in Section B above multiplied by 30%. <br /> (ii) The fifteen (15) Affordable units at Low Income shall not exceed one-twelfth <br /> of 80 % of the Area Median Income adjusted for the household sizes listed in <br /> Section B above multiplied by 30%. <br /> (iii) The eight (8) Affordable units at Very Low Income shall not exceed one- <br /> twelfth of 50 % of the Area Median Income adjusted for the household sizes listed <br /> in Section B above multiplied by 30%. <br /> D. Rent for Affordable units shall be based on the AMI at the time of the City issues <br /> Certificate of Occupancy and shall adjust consistent with adjustment in the AMI. <br /> If HUD fails to issue revised Area Median Income/ household income statistics <br /> for the San Francisco-Oakland-Fremont Metropolitan Statistical Area within 15 <br /> months of the previous revision, rents for the Affordable units may be adjusted <br /> based on the annual percentage increase in the San Francisco-Oakland Consumer <br /> Price Index for urban wage earners and clerical workers. <br /> E. The rents described herein shall exclude utilities in the broadest sense, including. <br /> but not limited to gas, electricity, water, garbage, television cable, telephone, and <br /> internet service; provided, however, that if any or all of such utilities are offered <br />
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