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ATTACHMENT 1 page 2 <br /> Affordable housing need generated per 1 unit market rate for sale housing in Pleasanton <br /> Affordable Units Generated Per Market Rate Unit by Area Median Income(AMI)Category <br /> <50%AMI 60%AMI 80%AMI <br /> House Type <br /> 4000 sq. ft. .125 .086 .061 <br /> 3500 sq. ft. .112 .077 .056 <br /> 3000 sq. ft. .099 .068 .049 <br /> Affordable housing need generated by Gateway market rate for sale development <br /> 97 for sale units: 17 @ 3654 sq. ft. (91% of 4000 sq. ft.) <br /> 18 @ 3541 sq. ft. (89% of 4000 sq. ft.) <br /> 31 @ 3054 sq. ft. (87% of 3500 sq. ft.) <br /> 31 @ 2830 sq. ft (94% of 3000 sq. ft.) <br /> Affordable Unit Need Generated by Gateway Market Rate For Sale Housing by AMI Band <br /> Market Rate <50% AMI 60% AMI 80% AMI <br /> For Sale Unit Type <br /> 3654 sq. ft. (17) 2.00 1.30 0.94 <br /> 3541 sq. ft. (18) 2.00 1.40 2.56 <br /> 3054 sq. ft. (31) 3.02 2.08 1.74 <br /> 2830 sq. ft. (31) 2.89 2.00 1.43 <br /> TOTAL 10.00 6.78 (7) 4.86 (5) <br /> Total Affordable Housing Need Generated by Gateway Market Rate Residential Development <br /> <50% AMI 60% AMI 80% AMI <br /> From market rate rental 11 6 5 <br /> From market rate for sale 10 7 5 <br /> Total need generated 21 13 10 <br /> Gateway BMR Units -16 -16 -0 <br /> Unmitigated BMR unit need to be 5 (3) 10 <br /> located elsewhere in Pleasanton <br /> Cost to provide 15 BMR units off site: <br /> 5 units for <50% AMI $ 819,730 (5 x$163,946) <br /> 10 units for 80% AMI 578,550 (10 x$57,855) <br /> $ 1,398,280 <br /> Credit 3 units for 60% AMI -360,438 (3 x$120,146) <br /> Credit for Lower Income Housing Fee -519,532 <br /> Unmitigated affordable housing cost <br /> for Gateway residential development $ 518, 310 <br />