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Page 2 <br /> administrative support,waste remediation, etc.) will not find housing in Pleasanton. To afford <br /> the median rent requires an annual income of$133,000. An annual income of$174,000 is <br /> required to buy a median priced home. Furthermore, even with the highest median household <br /> income in the Tri-Valley, $123,509, Pleasanton's housing is too expensive for a majority of <br /> Pleasanton residents, or even most employees at software giants such as Oracle and Workday. <br /> The numbers and trends indicate that many families in Pleasanton face a potential or actual <br /> housing crisis. The high cost of housing and/or the prospect of long worker commutes also <br /> discourages large employers from locating in Pleasanton. In addition, these same factors make <br /> hiring and retaining critical staff extremely difficult for non-profit organizations and other <br /> service providers with limited revenue. <br /> If we persist in building without ensuring the availability of affordable housing options for <br /> the additional workforce needed to serve the new businesses and residents we approve, the <br /> current bad situation will only get worse. Here's an example showing the accumulation of <br /> unmet workforce housing need generated by some recently approved and/or contemplated <br /> developments: <br /> AFFORDABLE UNIT NEED GENERATED PER PROJECT* <br /> 50%AMI 60%AMI 80%AMI <br /> Johnson Drive 142 24 233 <br /> Vintage Village 36 11 35 <br /> Lund Ranch 6 4 3 <br /> St.Anton 8 4 4 <br /> Affordable units included (18) (18) <br /> Pleasanton Gateway 19 11 4 <br /> Affordable units included (16) (16) <br /> Total Remaining 177 54 245 <br /> Affordable Unit Need <br /> *Calculated using metrics from the 2013 Nexus Studies prepared for Pleasanton by Economic and Planning Systems, <br /> Because we, the voters of Pleasanton, have participated in building our community with retail <br /> shopping venues, corporate offices, health care facilities, and restaurants that we all enjoy, I <br /> believe each of us owns a piece of the workforce housing shortage that has emerged as an <br /> unintended consequence. With a level playing field and a modest individual financial <br /> contribution, I feel certain our community will be able address this issue in style,just as we have <br /> with so many others. <br /> Please endorse this opportunity for Pleasanton's voters to step up to the challenge. I urge your <br /> support for the County Housing Bond. <br /> Very sincerely, <br /> Becky Dennis <br /> 838 Gray Fox Circle <br /> Pleasanton CA 94566 <br />