SUPPLEMENTAL MATERIAL - Laserfiche WebLink

page 2 Very Low and Extremely Low Income (<50%AMI} Units affordable at<49% AMI: 0 approved Units affordable at 50%AMI: 147 approved 1,076 needed for 0-50% per RHNA. 14% of total need approved Low Income (51-80% AMI) Units affordable at 51-59% AMI: 0 approved Units affordable at 60% AMI:16 approved Units affordable at 61-79% AMI: 0 approved Units affordable at 80%AMI: 16 approved 1,599 needed per RHNA. 3.4% of total need approved. Moderate Income (80-120% AMI) Units affordable at 81-99% AMI: 0 approved Units affordable at 100% AMI:16 approved Units affordable at 81-120% AMI: 1,333 approved/ 720 needed per RHNA. 185% of total need approved. Building 900,000 square feet of Commercial and office will generate, according to Pleasanton's Land Use Element, an additional 3000 employees. At 1.69 employees per household (see Pleasanton's Draft Nexus Study)these 3000 employees will generate a need for 1,775 units of housing. Analysis using the formula in the Draft Nexus Study, show that over 50%, or 908 units will be needed for households earning the median income or below. While Hacienda has recently approved a great deal of residential housing, the number of combined BMR units approved falls short of the number needed to mitigate even the impact for BMR units created by the market rate rental units (when calculated using the metrics of our Draft Nexus Study). In terms of the RHNA identified need,the number falls shorter still. Our current method for providing the affordable units we need is only generating more need, additional commute traffic, and increased air pollution. Pleasanton needs to develop a better system that allows Hacienda and other commercial property owners to mitigate these impacts before the Council permits commercial entitlements to be transferred from one property to another. Failing to consider housing need impacts of all development,just as we consider traffic, water, and sewer impacts, could have serious consequences. We are already seeing pressure on our Urban Growth Boundary in the East Pleasanton Specific Plan process. Transfer of Hacienda's commercial development entitlements could be the best idea since the incorporation of Pleasanton, but not until we figure out the housing puzzle. Please postpone the decision until that time so we can find the best way to meet Hacienda's needs without sacrificing our quality of life elsewhere in the City. Very sincerely, /� 12Ckti Celf IJ } Citizens for a Caring Community