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BACKGROUND Section 65400 of the California Government Code requires the City to file an annual report addressing the status of the General Plan Housing Element and progress made toward implementing its goals and policies. The Pleasanton Housing Element for the 2015 -2023 planning period was adopted by the City Council on January 6, 2015. This annual report will be the first submitted for the newly adopted Housing Element. DISCUSSION The Housing Element Annual Progress Report - 2015 is attached for City Council review (Attachment 1). HCD has specific reporting requirements for housing elements which consist of a report comprising tables in five spreadsheets. Preceding the tables are brief introductions and highlights of the City's implementation activities over the past year. HCD requires reporting on the number of housing unit permits issued during the year, including the type of units (single family, multifamily, etc.), and the affordability categories (very low -, low -, moderate- and above moderate - income). Table B of Attachment 1, tracks building permits issued for each year of the Regional Housing Needs Allocation (RHNA) period of 2015 -2023. In 2015, building permits were issued for 891 units. Two hundred and fifty -one (251) multi - family units are part of the Hacienda 2 — Essex project, formerly owned by BRE at the northwest corner of Gibraltar Drive and Hacienda Drive. Two hundred and ten (210) multi - family units and fifty -five (55) single family units are part of Township Square (Commons at Gateway). Three hundred and forty -five (345) multi - family units are part of the Vintage Development project, formerly owned by Auf der Maur at the southeast corner of Bernal Avenue and Stanley Boulevard. An additional twenty -eight (28) permits were, issued for various single - family homes through -out the City. Due to rezoning requirements associated with the 2007 -2014 Housing Element as well as the improvement in the housing market and other economic factors, the number of permits issued in 2015 (891) is far greater than the number issued in 2014 (332). However, housing permits are expected to taper off in 2016 because only one entitled large scale multi - family development (The Residence at California Center) is not yet under construction. Housing production, as regulated by the City's Growth Management Ordinance, is expected to continue as a result of an improved economic climate, recent development activity, interest in sites rezoned for high density development, and the City's efforts to encourage housing through implementation of the Housing Element's new policies and programs. Table C of Attachment 1 tracks implementation of Housing Element policies and corresponding action programs. Highlights within the last year include completing a review of the City's Growth Management Program to be consistent with State law and creating a more efficient process for implementing the program, which is discussed in more detail in this report under "Growth Management Update." In addition, the City has Page 2 of 4