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RECOMMENDATION <br /> Staff recommends the City Council: <br /> 1. Adopt a resolution certifying the Environmental Impact Report (EIR) (State <br /> Clearinghouse No. 2022040091) for the 6th Cycle Housing Element, adopting a <br /> statement of overriding considerations, making findings of fact, and adopting a <br /> mitigation monitoring and reporting program (MMRP); <br /> 2. Adopt a resolution approving a General Plan amendment to update the Housing <br /> Element for the 6th Cycle including findings of compliance with State law; and <br /> 3. Adopt a resolution approving General Plan amendments consistent with the 6th <br /> Cycle Housing Element, Stoneridge Mall Framework and Objective Design <br /> Standards. <br /> FINANCIAL STATEMENT <br /> There is no fiscal impact resulting from the direction City Council provides at this <br /> meeting. Implementation of policies and programs in the future may require allocation of <br /> funds. <br /> BACKGROUND <br /> The Housing Element is part of the City's General Plan and is a comprehensive <br /> statement by the community of its current and future housing needs and proposed <br /> actions to facilitate the provision of housing to meet those needs at all income levels. <br /> Periodic updates of the Housing Element are required by State law. The City's current <br /> Housing Element, which was adopted in 2015, covers the 5th Cycle planning period from <br /> 2015 to 2022. The Draft Housing Element currently under review covers the 6th Cycle <br /> planning period from 2023-2031. <br /> RHNA Process <br /> A key component of the Housing Element is the RHNA (Regional Housing Needs <br /> Allocation), which is a planning target representing the City's "fair share" of the regional <br /> housing need, as determined by HCD and the regional Council of Government (in the <br /> Bay Area, ABAG). The City's RHNA is established at 5,965 units —this number was <br /> assigned to the City based on a methodology developed by ABAG in consultation with <br /> various stakeholders, through a multi-month process in 2020 and 2021. <br /> Certification by the State <br /> HCD reviews each housing element prepared by individual jurisdictions across the state <br /> and determines its compliance with State law. If HCD issues a finding that the Housing <br /> Element is in substantial compliance with State law, it is referred to as "certification" of <br /> the Housing Element. At the direction of the City Council, the City submitted its draft <br /> Housing Element for review by HCD on August 16, 2022. HCD completed its review and <br /> provided a comment letter to the City on November 14, 2022. Additionally, staff met <br /> twice with HCD staff to discuss comments in more detail and gain clarity. Staff prepared <br /> a response HCD's comments and proposes a series of changes to the Draft Housing <br /> Element in response. An updated Housing Element responding to HCD's comments will <br /> be resubmitted to HCD upon adoption of the document by the City Council for its <br /> ultimate certification. However, the City's resolution for adoption will make all the <br /> Page 2 of 14 <br />