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Figure 1: Housing Needs Assessment Content Housing Needs Assessment * „ f 6" .8 f 41 $ 0 f Basic Special Housing Needs Housing Stock Housing Housing Needs • Large families • Housing type Affordability • Population • Seniors • Housing tenure • Ownership costs characteristics(e.g., • Female-headed households • Units permitted • Rental costs age, employment) • Persons with disabilities • Housing age and • Overpayment • Household • Residents living below the condition • At-risk housing characteristics poverty level units (e.g.. household size, household income, • Farmworkers overcrowding) • Homeless The primary source of data used in the Housing Needs Assessment is the American Community Survey 2015-2019, California Department of Finance, and HUD's Comprehensive Housing Affordability Strategy ("CHAS") data; this data set was provided to Bay Area jurisdictions by the Association of Bay Area Governments (ABAG) in the form of a package of information pre-certified by HOD'. The following summarizes key data from the housing needs assessment. The complete assessment is attached as Attachment 1 to Exhibit A. • Pleasanton's population has a higher income when compared to that of other residents in Alameda County (county). Pleasanton's 2019 median household income was $156,400, 57% higher than the county ($99,406). However, 7.6% of households in Pleasanton are extremely low-income, and almost one in five of Pleasanton households are low-income households (earn less than 80% of Area Median Income (AMI)). • Home prices are higher in Pleasanton than in the county. Households must earn about $226,080 (at least 180% of AMI) to be able to afford to buy a home in the city. A household must earn about $125,600 (100% of AMI) to be able to afford market rent in Pleasanton. • Almost 24% of Pleasanton homeowners are cost-burdened, meaning they spend 30% or more of gross income on housing costs, while almost 44% of renters are cost-burdened. Additionally, 21% of renters spend 50% or more of their income on housing, compared to about 10% of homeowners. Pleasanton has a lower proportion of cost-burdened households compared to the county. • Renter households are more likely to be living in overcrowded conditions than owner- occupied households. Although Pleasanton has a lower rate of overcrowding compared to the region, about 7% of renter households live in overcrowded conditions. • Half of Pleasanton's population is White, 34.6% Asian, 9.5% Latinx, and 1.8% African American. People of color comprise a lower proportion of Pleasanton's population As 2020 Census data is finalized and published,staff will review and incorporate as necessary into the final Preliminary Report. Housing Element Update Planning Commission 4 of 11 f available sites for housing development or redevelopment to ensure that there is adequate capacity to address the Regional Housing Needs Assessment (RHNA). (Forthcoming) Housing Element Update Planning Commission 2 of 11