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5_Exhibit B_Resolution_Attachment 2
City of Pleasanton
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2020 - PRESENT
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2023
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05-10
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5_Exhibit B_Resolution_Attachment 2
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5/4/2023 3:15:58 PM
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5/4/2023 3:12:34 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
5/10/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\05-10
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Housing Needs Assessment City of Pleasanton | A-47 <br />Vacant units make up 4.2 percent of the overall housing stock in Pleasanton. According to the <br />2020 Census, vacant housing units were 3.7 percent of the overall housing stock. The rental <br />vacancy stands at 4.0 percent, while the ownership vacancy rate is 0.2 percent 16. Of the vacant <br />units, the most common type of vacancy is Other Vacant (see Figure A-33)17. <br />Throughout the Bay Area, vacancies make up 2.6 percent of the total housing units, with homes <br />listed for rent; units used for recreational or occasional use, and units not otherwise classified <br />(other vacant) making up the majority of vacancies. The Census Bureau classifies a unit as vacant <br />if no one is occupying it when census interviewers are conducting the American Community <br />Survey or Decennial Census. Vacant units classified as “for recreational or occasional use” are <br />those that are held for short-term periods of use throughout the year. Accordingly, vacation rentals <br />and short-term rentals like AirBnB are likely to fall in this category 18. The Census Bureau classifies <br />units as “other vacant” if they are vacant due to foreclosure, personal/family reasons, legal <br />proceedings, repairs/renovations, abandonment, preparation for being rented or sold, or vacant <br />for an extended absence for reasons such as a work assignment, military duty, or incarceration. <br />In a region with a thriving economy and housing market like the Bay Area, units being <br />renovated/repaired and prepared for rental or sale are likely to represent a large portion of the <br />“other vacant” category. Additionally, the need for seismic retrofitting in older housing stock could <br />also influence the proportion of “other vacant” units in some jurisdictions. The largest share of <br />vacancies in Pleasanton is due to “other vacant” reasons, similar to that of Alameda County and <br />the Bay area. <br /> <br /> <br />16 U.S. Census Bureau, American Community Survey 5-Year Data (2015-2019), Table DP04. <br />17 The vacancy rates by tenure is for a smaller universe than the total vacancy rate first reported, which in principle <br />includes the full stock (4.2 percent). The vacancy by tenure counts are rates relative to the rental stock (occupied and <br />vacant) and ownership stock (occupied and vacant) - but exclude a significant number of vacancy categories, including <br />the numerically significant “other vacant”. <br />18 The City does not permit short-term rentals of less than 30 days in residential districts.
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