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SUPPLEMENTAL MATERIAL
City of Pleasanton
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CITY CLERK
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2014
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030414
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SUPPLEMENTAL MATERIAL
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SUPPLEMENTAL MATERIAL
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3/5/2014 1:43:55 PM
Creation date
3/3/2014 11:54:36 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
3/4/2014
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Page 2 <br /> Table B: <br /> Probable Yield of BMR Units Using Pleasanton's Current IZO Methodology (Table A) <br /> On Vacant or Underutilized Land Designated for Residential Development <br /> With No Entitlements Identified for 30 du/acre Zoning <br /> Sites 0-49% 50% 51-79% 80% 81-120% TOTAL <br /> Roche 0 19 0 22 331 372 <br /> BART 0 12 0 15 247 274 <br /> Sheraton 0 5 0 6 88 99 <br /> Stoneridge 0 4 0 5 79 88 <br /> Kaiser 0 9 0 11 163 183 <br /> CM Capital 0 10 0 12 178 200 <br /> BMR units 0 59 0 71 1086 1216 <br /> %of Total (5%) (6%) (89%) <br /> Table B again reflects Pleasanton's current practice of approving AFAs that provide BMR rental units <br /> affordable only at the top income level of each income category.Table B also corrects the SR's misleading <br /> representation that development approved at 30 du/acre will consist of only Very Low and Low Income <br /> units, with no Moderate Income units. This error leads to the vast overstatement of Pleasanton's capacity <br /> to satisfy RHNA with existing land resources and policy tools. The more likely VLI and LI unit shortfalls, as <br /> well as the MI unit surplus, are reflected in Table C, which adds the number of approved BMR units to the <br /> probable yield of BMR units in future developments. <br /> Table C: <br /> RHNA versus <br /> Actual and Probable Yield <br /> Applying Pleasanton's Current IZO Policy <br /> Income Level 0-50% AMI 51-80%AMI 81-120% AMI <br /> Units needed Units needed Units needed <br /> RHNA 716 391 407 <br /> Total Entitled Projects -52 -66 -910 <br /> Not Occupied as of (50%AMI only) (80%AMI only) (market rate) <br /> 12-31-13(Table A) <br /> Vacant or Underutilized Land -59 -71 -1086 <br /> Designated for Identified (50%AMI only) (80%AMI only) (market rate) <br /> for 30 du/acre Development <br /> With No Entitlements(Table B) <br /> Remaining units needed 605 254 - 1589 <br /> for RHNA 2014-2022 (84% remaining) (65% remaining) (400% surplus) <br />
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