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SUt�PLEfw NTAL MATERIAL HACIENDA NDA Provided to the City Council After Distribution of Packet Date August 11, 2016 Mayor Thorne and Members of the Pleasanton City Council City of Pleasanton 150 Main Street Pleasanton, California 94566 Re: Alameda County Housing Bond Dear Mayor Thorne and Councilmembers: Hacienda is located near the geographic center of the San Francisco Bay Area and,at 875 awes,is the largest development of its kind in Northern California. Over 10 million square feet of existing, mixed-use space is occupied by some 650 companies that locally employ nearly 19,000 people. Key tenants include Kaiser Permanente,Oracle , Roche Molecular Systems and Gap who have all made substantive investments in their presence within Hacienda. In addition, Hacienda features homes to some 4,500 residents and is in the active planning and construction phase for as many more.Our facilities thrive because of the state-of-the-art working and living environments that have been developed which include critical components such as an ongoing commitment to providing comprehensive approaches to supplying housing with a full spectrum of affordability. Hacienda supports the proposed $580 million Alameda County housing bond and urges the Pleasanton City Council to likewise take action in support of its passage in November.In every corner of Alameda County,families,seniors and people with disabilities are increasingly priced out of neighborhoods where they have contributed to the diverse,vibrant community we all enjoy. Rents are rising much faster than incomes,and many more households are now paying more than half of their income for housing.These rising costs force people to move away from family and support systems,commute long distances to work,or live in substandard conditions. Housing insecurity,including the increased risk of homelessness,impacts our health and diminishes our collective quality of life.Our local economy also suffers when there is so little money left to spend after limited resources are used to cover housing and transportation costs. Alameda County has sustained cuts of 89%in state and federal funding for housing affordable to lower income households since the recession. Dedicated local funding is key to competing successfully for state and federal matching funds.A $580 million Alameda County housing bond that contains money that Pleasanton will be able to directly access is a hold solution to both help preserve and produce affordable rental homes, stabilize families and neighborhoods, and increase home ownership opportunities. Please give serious consideration to supporting the $580 million Alameda County housing bond. We urge such adoption of support as a way of furthering an important component of the provision of a diversity of housing choices and in support of a vibrant Pleasanton and Alameda County economy. Sincerely, aPaxson eral Manager, Hacienda OMAI .1,, COMA W • 0 4305 Hacienda Drive,Static 330,Pleasanton,California 94588-2738 Phone 925.734.6500 Fax 925.734,6501 e-mail infotehacienda.org vvvv vv uvvo.haeienda.org