12 ATTACHMENTS 5-7 - Laserfiche WebLink

ATTACHMENT 1 EAST PLEASANTON SPECIFIC PLAN ALTERNATIVES - Comparison of Affordable Housinq Demand Generated and Proposed Plan Alternatives Residential/Commercial DEMAND Residential/Commercial <50% AMI <60% AMI <80% AMI EPSP Affordable Units Proposed vs. Demand Generated <50% - <80% AMI units proposed 81 % - 120% AMI units Drowsed cap vs. Total Demand Generated (%l vs. Demand Generated* (%) Preferred Plan 134/487 85/160 64/411 56/1.341 (4%) 560/584 (96%) Alternative 1 and 1A 81/643 52/210 39/517 46/1,542 (3%) 454/775 (59%) Alternative 4 87/935 52/303 42/716 59/2.135 (3%) 584/1,134 (51%) Alternative 5A 129/487 77/160 62/411 77/1326 (6%) 709/584 (121%) Alternative 513 126/487 7_6/160 60/411 86/1,322 (7%) 783/584 (134%) Alternative 6 153/487 86/160 72/411 86/1,369 (6%) 871/584 (149%) Alternative 8 112/487 69/160 54/411 50/1,293 (4%) 450/584 (77%) * Commercial demand only Assumptions: 1) Generation of Residential and Commercial demand calculated using metric from the 2013 Pleasanton Nexus Studies for nonresidential development and residential developments. 2) Mix of housing sizes: 4 du/acre for developments <200 units assumes 50% 4000sf, 50% 3500sf. For >200 units assumes 33.33% each 4000sf, 3500sf, and 3000sf. 8 du/acre assumes 17% 1500sf, 33% 2000sf, 34% 2500sf, and 16% 3000sf. 11 du/acre assumes for -sale, 50% 1000sf and 50% 1500sf. 23 and 30 du/acre assumes rental with a mix of 17% studio, 35% 1BR, 43% 2BR, and 8% 3BR. 3) Below Market Rate (BMR) units are assumed to be 15% of 30 du/acre portions of each Alternative. This number was subtracted from the total before calculating the impact of of market rate 30 du/acre units. 4) Commercial demand was calculated using household formation rates of 89.9% for Retail and 96.8% for all other Commercial development. 5) Retail square footage was assumed to have 33% Food Service component. Housing demand was adjusted to account for lower earnings of food service workers. 6) AMI bands for Industrial use were assumed to be an average of Light Manufacturing, Office (Nexus study metrics), service commercial (such as retail leasing and delivery services), and wholesale warehouse use. Employee density was calculated as an average using information from the Land Use Element of Pleasanton's General Plan and the 2013 Nexus nonresidential nexus study. 7) Industrial AMI Bands averaging uses above: <50% =22%, <60% = 7%, <80% =15%, 80% to 120% =27% 8) All Market Rate rental units (23 and 30 du/ace) are assumed affordable to Moderate Income households.