5_Exhibit B_Resolution_Attachment 2

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