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BACKGROUND The Association of Bay Area Governments (ABAG) and the Metropolitan Transportation Commission (MTC) are currently undertaking a regional planning effort and strategy known as Plan Bay Area 2040 This policy document is in response to Senate Bill 375 (passed in 2008) which requires each of the State's metropolitan areas to formulate a strategy to accommodate future population growth and reduce greenhouse gas emissions from cars and light trucks Plan Bay Area 2013 was adopted on July 18, 2013, and in January 2015 ABAG and MTC commenced working on updating the document, which is required every 4 years Since January 2015, ABAG and MTC have established goals and targets for the plan update and hosted open houses, met with stakeholders, and solicited feedback from local jurisdictions The Draft Preferred Scenario represents a regional pattern of household and employment growth until the year 2040 that ABAG and MTC believe will limit greenhouse gas emissions while accommodating population growth DISCUSSION The Draft Preferred Scenario in large part reflects the foundation established by Plan Bay Area 2013 in that it (1) focuses development toward Priority Development Areas' (PDAs), and (2) focuses growth to established communities in order to protect the Bay Area's remaining open spaces Pleasanton has one "potential" (not "planned") PDA Hacienda Since the economy in the Bay Area has seen significant growth within the past four years, regional forecasts have been revised upward ABAG forecasts an additional 1 3 million jobs and 2 4 million people in the 30 years between 2010 and 2040, and estimates this will result in the need for approximately 820,000 new housing units Relative to Plan Bay Area 2013, this represents an increase of 15 percent in projected employment growth and a 25 percent increase in projected household growth In order to plan for this growth, ABAG and MTC developed a model, UrbanSim, which is intended to incorporate information about current regional and local economic and real estate market trends Additionally, ABAG and MTC have indicated that the following strategies have been incorporated into the Draft Preferred Scenario © Current urban growth boundaries are retained O Inclusionary zoning is applied to all cities with PDAs, meaning that these jurisdictions are assumed to allow below-market-rate or subsidized multi-family housing developments ® All for-profit housing developments are assumed to make at least 10 percent of the units available to low-income residents, in perpetuity via deed restrictions 1 Priority Development Areas are places identified by Bay Area communities as areas for investment, new homes and job growth To become a PDA, an area must be 1) within an existing community, 2) within walking distance of frequent transit service, 3) designated for more housing in a locally adopted plan or identified by a local government for future planning and potential growth, and 4) nominated through a resolution adopted by a City Council or County Board of Supervisors Page 2 of 5