19 ATTACHMENT 3 - Laserfiche WebLink

Page 2 Other staff recommendations for streamlining ADU production,and municipal code amendments for small scale infill will not,by themselves,have enough impact to meet Goals 5, 14,Policy 36, Program 36.1,our current RHNA,or the goals of CAP 2.0. The staff report focusses much attention on"missing middle"housing.However,their own charts show that employees at this income level can easily pay for Pleasanton's market rate rentals.In contrast,if staff had included charts showing the ability of workers earning below the Area Median Income,the chart would show them priced out of Pleasanton's rental market.The inability of first- time homebuyers to afford the purchase of a home in Pleasanton is a problem.However,for local businesses in need of essential workers,and for a community concerned about commute emissions'impact on our carbon footprint,it's not our biggest problem.Also,consider that not all homebuyers are first time homebuyers.Many have sold homes elsewhere in California's inflated housing market,and therefore can afford more than a 20%down payment.Employer Assisted Housing programs can,more easily than the City,manage home purchase assistance for their employees. In sum,please recommend to the Council that Pleasanton's Housing Element contain new programs and policies to assure the development of nonprofit housing.It's the only housing that can bring a majority of Pleasanton job holders closer to their place of employment.These programs include buying land to facilitate nonprofit development,raising the LIHF an new commercial development closer to the maximum,and seeking business investments in affordable residential infrastructure to assure housing for their essential service employees.The lofty Housing Element goals and policies remain the same,but we need to replace the old,failed programs with a new approach that gets results. Thank you for your consideration. Sincerely, Becky De, iy Pleasanton CA