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households at 80% of the median income which has not typically raised concern. Historically, market rents have been ranged from 80% to the median income. The anticipated unit rents at this development are anticipated to significantly exceed rents that are affordable to families earning incomes at the median or even moderate income levels, and staff is concerned that this will result in more local residents needing to leave the City to find cheaper housing elsewhere or to double up in market rate units, including returning to the homes of their parents and other relatives. While this has not been a significant issue recently, it was problematic during portions of the 1990's when many families felt the effects of family members disbursing throughout the region. The table regarding rents is as follows: Income Requirements for Anticipated Rents Rental Type Anticipated Rent (1) Required Income (2) Rent Median Income ncmed Income Jr. 1-Bedroom $1,900 $76,000 (122% AMI) $1,239 $49,550 1- Bedroom $2,262 $90,000 (127% AMI) $1,416 $56,650 2- Bedroom $2,803 $112,000 (140% AMI) $1,593 $63,700 3- Bedroom $3,427 $136,000 (142% AMI) $1,911 $57,350 1. Represents average rent range for this particular bedroom category. 2. Jr. I- bedroom = 1 person household; 1- bedroom = 2 person household; 2- bedroom =3 person household; 3- bedroom = 5 person household. As mentioned above and as discussed at the September 2, 2014 City Council meeting, the loss of the affordable units impact the City's anticipated surplus of affordable housing units that provides a buffer for meeting RHNA. The table below provides the detail regarding this impact: Impact of Alternatives 2 and 3 on RHNA Very Low and Low Income Units Development Estimated Capacity Very Low and Low Permitted An Approved Projects 306 (1) Zoned Sites 991 Total 1,297 (2) Less Auf der Maur ( -27) Total Without Auf der Maur 1,270 2014 -2022 RHNA 1,107 RHNA Surplus w/o Auf der Maur 163 RHNA Surplus with Auf der Maur 190 1. The September 2, 2014 Housing Element agenda report presented this number at 291 units. However, it has been corrected to include an additional 15 units from the Commons at Gateway which were listed as moderate income units. Therefore, the overall number of units for all income types remains the same at 3,243. 2. Assumes removal of CMA Capital 2 site The inclusion of affordable units does not create density concerns (Often times there are concerns that density will need to be increased to support affordable housing.) since the developer intends to build the units with or without the rent restrictions. Page 8 of 9