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THE CITY OF pL£ASANTONO CITY COUNCIL AGENDA REPORT 12 September 2, 2014 Community Development Planning Division TITLE: P14 -0440 - REVIEW THE 2015 - 2023 DRAFT HOUSING ELEMENT UPDATE TO THE GENERAL PLAN, INCLUDING A REVIEW AND DISCUSSION OF HOUSING PROGRAMS AND POLICIES, AND AVAILABLE HOUSING INVENTORY; AND APPROVE SUBMITTAL TO THE STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (HCD). SUMMARY Over the past eight months, the City of Pleasanton has been preparing an updated Housing Element of the General Plan, which is a State - mandated plan for meeting the City's current and future housing needs for households of all income levels. In order to demonstrate sufficient housing capacity, the updated Housing Element includes an updated site inventory of parcels within the City that could be developed with housing to meet the assigned Regional Housing Need Needs Allocation (RHNA) goals for the next eight years. No new residential zoning is being proposed as part of the update. The City Council is being asked to review the 2015 -2023 Draft Housing Element and approve submittal to the State of California Department of Housing and Community Development (HCD). PLANNING COMMISSION RECOMMENDATION On August 13, 2014, the Planning Commission recommended that the City Council authorize the Draft Housing Element to be submitted to HCD with the following change: lower the proposed density of the CM Capital 2 site within the Site Inventory (Appendix B) from a minimum density of 30 units per acre to 12.5 units per acre. ECONOMIC VITALITY COMMITTEE RECOMMENDATION On August 21, 2014, the Economic Vitality Committee recommended that the City Council add a new Policy regarding the relationship between the Housing Element and the Economic Development Strategic Plan and include a new Program to ensure the City assesses the dynamic nature of workforce housing needs within the City. RECOMMENDATION 1. Approve submittal of the 2015 -2023 Draft Housing Element to HCD and consider changes to the Site Inventory (Appendix B) as well as the Goals, Policies and Programs. FINANCIAL STATEMENT The City Council's action will have no financial impact. Any future development will pay all required building permit and development fees, and will pay property taxes.