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Staff will continue to monitor these efforts and their outcomes; and will use the most recently published estimate as a "working" number through the initial phases of the Housing Element update. The final RHNA allocation will be issued in late 2021, providing sufficient time for the City to make any needed adjustments to the sites inventory or other components of the Housing Element. Table 3, below, summarizes the current estimated RHNA, in comparison to the 4th and 5th Cycle allocations. As the estimate shows, the projection would be almost triple the number of units assigned in the prior cycle.4 Compared to the 5th Cycle, Very-Low and Low-income allocations together increase by over 1,600 units, and the Above-Moderate income category by over 1,700 units. Table 3: Estimated 6th C cle RHNA and Com•arison to 5th C cle 4th Cycle RHNA 5th Cycle ESTIMATED r (2007-2014) RHNA 6th Cycle RHNA (2015-2023) (2023-2031) .;ro. Category Units Units Units ., to Cycle 5 Very Low 1,076 716 1,750 +1,034 Low 1,599 391 1,008 +617 Moderate 720 407 894 +487 Above-Moderate 753 553 2,313 +1,760 TOTAL 4,148 2,067 5,965 DISCUSSION Housing Element Process and Schedule The Housing Element update will be an 18-month project that will reflect a robust process with significant engagement with the public, key stakeholders, City Council and City commissions throughout, to ensure a community-wide conversation about housing policy, future housing sites, and strategies and actions to meet the City's assigned RHNA. The public outreach process and framework is discussed in more detail further in the report. A proposed outline schedule is shown in Table 4 below and illustrated in Exhibit C. Initial steps in the process, beginning this month and proceeding through the fall include a review of existing housing conditions, policies and programs for inclusion in the housing element. Critical to the process will be the sites inventory, whereby sites to accommodate the City's RHNA allocation will be vetted and selected. This will incorporate two steps — first to develop criteria for selection, and then, based on those criteria, to develop a draft inventory of housing sites (including input from HCD) within 8-10 months of project initiation, that will be the basis of the required CEQA review beginning in late 2021. Following completion of the sites analysis, the public review draft of the housing element will be created, and taken through a review process that incorporates a required review by HCD, as well as input from City Commissions and the City Council. a It should be noted that the 5th Cycle reflected relatively low RHNA allocations overall, reflective of the timing of the RHNA cycle at the end of the economic recession. Housing Element Update Planning Commission 6 of 13