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The State RHNA policies have been a colossal failure, resulting in California housing <br /> prices which are 76% higher than US housing prices. <br /> We need local policies, consistent with State law, that provide affordable market rate <br /> housing for the next generation. <br /> Inclusionary rent controls are the primary reason California housing prices have risen <br /> much faster than US housing prices during the 2014-2022 RHNA cycle. <br /> Nothing in State law requires that cities impose inclusionary rent controls, and many <br /> cities do not. <br /> 3. Your planned study of the housing constraint provided by inclusionary rent controls <br /> needs to look at the option of lowering the rent control requirement as well as <br /> increasing the rent control requirement. <br /> -A 10% inclusionary rent control mandate costs each market rate apartment resident <br /> only about an additional $126 per month in increased rent. <br /> -A 20% inclusionary rent control requirement costs each market rate apartment <br /> resident about $277 per month in increased rent. <br /> -The effect of increasing from 10% rent control to 20% rent control is a more than <br /> double rent increase, because each increase in subsidized units also decreases the <br /> number of market rent apartments available to fund that subsidy. <br /> -Most housing projects are simply not feasible with a 20% rent control mandate. <br /> -We can regulate unit sizes rather than prices, and obtain market rate housing <br /> affordable to our children. <br /> -Nothing in State law prohibits us from doing that. <br /> -With better local housing policies, we can have affordable market rate housing in <br /> Pleasanton for the next generation. <br /> Sincerely, Peter MacDonald <br /> Peter MacDonald <br /> Pleasanton, CA 94566 <br /> Click here to report this email as spam. <br /> 2 <br />