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4_Exhibit B
City of Pleasanton
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BOARDS AND COMMISSIONS
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PLANNING
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AGENDA PACKETS
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2020 - PRESENT
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2023
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01-11
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4_Exhibit B
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1/5/2023 4:11:46 PM
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1/5/2023 4:08:13 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/11/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\01-11
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<br />C-26 | City of Pleasanton Housing Constraints <br />a project containing affordable units that is subject to an Affordable Housing Agreement, growth <br />management unit allocations from previous and/or future years shall be approved in the number <br />required to accommodate the affordable housing units. Accommodating such units may require <br />borrowing from the next regional housing needs allocation period. <br />The current annual housing unit allocation commencing July 1, 2014, though July 30, 2022, is <br />235 units per year, and is consistent with the 5th Cycle RHNA allocation requirements. Since 2016, <br />the Growth Management Ordinance has not been a limiting factor on housing production or cost, <br />as affordable and high-density projects associated with the previous Housing Element update <br />rezoning’s were exempt from Growth Management approval and the number of issued residential <br />building permits has been, on a yearly basis, lower than the annual GMO unit allocation. <br />The City’s GMO has been in effect for over 40 years, but amendments in the last 10 years have <br />altered its applicability in relation to affordable housing. While housing costs in Pleasanton have <br />increased over the last 10 years, those increases have been consistent with trends in Alameda <br />County (see Housing Needs Assessment Figures A-40 and A-43). However, the cost of housing <br />is higher in Pleasanton compared to Alameda County overall. The difference in housing cost is <br />affected by many factors including scarcity of developable land (also see Urban Growth Boundary <br />discussion below), high scoring schools, abundant services and recreational opportunities, high <br />quality infrastructure, easy accessibility to major employment centers, and desirable location and <br />setting, which have likely been primary factors driving housing prices in Pleasanton. Also, the rate <br />of housing production in Pleasanton has exceeded housing growth in Alameda County as a whole. <br />Since 2010, the total amount of housing in Pleasanton has grown by approximately nine percent, <br />while total housing growth in Alameda County grew by approximately five percent. This suggests <br />that there were no significant adverse impacts on housing production resulting from Pleasanton’s <br />GMO relative to housing production in Alameda County. <br />The GMO could add a layer of processing to development review if development applications <br />require decisions related to borrowing, reallocation, and other growth management approval <br />options. The added time to process a development adds cost to a project. However, the cost to <br />complete a project is not likely to affect the price of homes, as the price of housing is based on <br />what the market is willing to bear, and the added costs are more likely to reduce the profit for the <br />property owner rather than increase the price of a housing unit on the market. <br />The Housing Crisis Act of 2019 (Senate Bill 330, Government Code §66300) prohibits jurisdictions <br />from implementing any provision that limits the number of housing unit approvals or permits that <br />can be issued or acts as a cap on the number of housing units that can be approved or constructed <br />over any period. The Housing Crisis Act went into effect on January 1, 2020 and remains in effect <br />until January 1, 2030.
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