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Figure 1: Housing Needs Assessment Content Housing Needs Assessment AM � 1,5(sl+ 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 sources of data used in the Housing Needs Assessment include 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 data package of information pre -certified by HCD'. The following summarizes key data from the Housing Needs Assessment. The complete assessment is attached as Attachment 1, Appendix A to the Draft Preliminary Report. • 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 percent higher than the county ($99,406). However, 7.6 percent of households in Pleasanton are extremely low-income, and almost one in five of Pleasanton households are low-income households (earn less than 80 percent of Area Median Income (AMI)). • Home purchase and rental prices are higher in Pleasanton than in the county. Households must earn about $226,080 (at least 180 percent of AMI) to be able to afford to buy a home in the city. A household must earn about $125,600 (100 percent of AMI) to be able to afford market rent in Pleasanton. • Almost 24 percent of Pleasanton homeowners are cost -burdened, meaning they spend 30 percent or more of gross income on housing costs, while almost 44 percent of renters are cost -burdened. Additionally, 21 percent of renters spend 50 percent or more of their income on housing, compared to about 10 percent of As 2020 Census data is finalized and published, staff will review and incorporate as necessary into the final Preliminary Report. Page 4 of 13