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SUPPLEMENTAL
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2023
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012623 SPECIAL
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SUPPLEMENTAL
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1/26/2023 2:34:28 PM
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1/23/2023 12:49:22 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/26/2023
DESTRUCT DATE
15Y
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For example: <br /> Less than 650 sf. -- [*assumed affordable to] Very Low Income (50% of AMI) <br /> 650 sf to 900 sf. — *Low Income (80% of AMI) <br /> 900 sf to 1200 sf— *Low Moderate Income (100% of AMI) <br /> 1200 sf to 1500 sf. — *High Moderate Income (120% of AMI) <br /> 1500 sf to 2000 sf. — *Low Medium Income <br /> 2000 sf to 2500 sf. — *Medium Income <br /> Right now, rezonings to 30 units per acre are presumed to be affordable (until <br /> constructed) under Govt. Code Sec. 65583.2 (c)(3)(B)(iv). Then, after construction, <br /> those units rent for more than "affordable" prices and are forced to show up as "above <br /> market" units on the Annual Progress Report to HCD required from cities. E.g. <br /> Exhibit F. at Bates p. 56. But, if the units meet the unit size criteria set forth above, <br /> Pleasanton could show those units on the Annual RHNA Progress Reports as units in <br /> that income category. For example, an 850 sf unit would appear as a "Low Income Unit <br /> (non-deed restricted)" on the Annual Progress Report, without regard to its actual rent. <br /> If State HCD has any sense, it will endorse this approach explicitly, because the billion <br /> dollar subsidies required to provide subsidized housing to over half the population will <br /> never materialize. <br /> With an inclusionary policy emphasis on producing most new housing units of 1500 sq. <br /> ft. or less, real surpluses and lower prices would follow for smaller units. Our children's <br /> generation could get on the first step of homeownership, like a 900 sf. condo, or a 1500 <br /> sf 3 br single family home the way most of us baby-boomers did. <br /> The Pleasanton draft 2023-2031 Housing Element is going exactly the wrong direction <br /> by proposing to increase the inclusionary rent control requirement on multi-family from <br /> 15% to 20%. As shown in Exhibit B, Bates pp 4. & 5., that increases the rent burden on <br /> each market rate apartment from about $192 per month to about $277 per month (from <br /> 7.15% to 10.64% of rent). The rent increases are more than proportional because each <br /> increase in the inclusionary requirement increases the number of units that need to be <br /> subsidized, while reducing the number of market rate units available to provide those <br /> subsidies. <br /> For the huge acreage being rezoned to 30 units per acre (because of the presumption <br /> of affordability granted in State law), the unit size inclusionary requirement could be <br /> about 50% of total units (i.e. 50% of units less than 900 sf in size). As an example <br /> breakdown, 25% of units could be required to be 650 sf or less, 50% of total units could <br /> be required to be 900 sf or less. There would be no need to regulate unit size above <br /> 900 sf., but the City could use the chart above to take credit for any remaining <br /> apartments between 900 sf and 1500 sf in its RHNA Progress Reports as "moderate <br /> income, non-deed restricted". <br /> One issue would be concern about quality of units 650 sf or less. But with good design, <br /> 650 sf allows creation of a completely functional 1 bedroom apartment with room for <br /> io <br />
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