Laserfiche WebLink
"Workforce housing" draft definition #1: "Housing intended for and affordable to <br />employees and households earning local wages, as defined by the Decennial Census, <br />American Community Survey, or other approved data set." <br />"Workforce housing" draft definition #2: Housing intended for and affordable to <br />households that earn over 80% area median income (AMI), but which cannot afford <br />market -rate housing. <br />Creating a definition for Workforce Housing, particularly if it were selected to target a <br />particular income group, could clarify the City's policy intent in this regard, and/or <br />provide an opportunity to focus implementation efforts and programs in a more directive <br />way. <br />Rental versus Ownership <br />One strategy that the City Council may consider is whether to recommend policy/ies for <br />affordable housing for ownership, designed for the middle-income households or for the <br />workforce. However, staff notes that, whether for sale or for rent, smaller housing units <br />tend to provide more affordability, and rental housing tends to be more affordable than <br />for -sale housing. Thus, any strategy should not be to the detriment of providing rental <br />housing since this may undermine overall affordability and access to workforce housing <br />opportunities. <br />The most appropriate strategies, therefore, may be to focus on production of units <br />"affordable by design" — whether for rent or for sale, and basic approaches such as <br />those noted with respect to the IZO, to encourage affordable for -sale units. <br />Partnerships <br />There may be opportunity to partner with local employers to provide workforce housing. <br />Partnerships between the City and organizations like the Pleasanton Unified School <br />District (PUSD) or employers such as Valley Care could facilitate identification of the <br />challenges of workforce housing, how to best inform this population of existing <br />programs related to housing, and to brainstorm additional solutions: In its discussion of <br />the PUSD-District Office site, as part of the sites inventory review, the City Council <br />expressed interest in facilitating teacher housing or workforce housing on the site. As <br />the land use agency conferring the necessary re -zoning and approvals necessary to <br />develop the site, the City could consider offering incentives such as reduced fees or <br />streamlined review for a project that specifically targeted the local workforce. <br />In addition to these approaches, as described above, there may be a basis to increase <br />the LIHF associated with new employment generating uses and/or refine the LIHF fee <br />structure to ensure that employers appropriately mitigate the demands for new housing <br />and help to house their local workforce. Numerous Commission and public comments <br />have emphasized the importance of employers helping to mitigate or solve for the <br />workforce housing demand they create. <br />Page 10 of 16 <br />