5_Exhibit B_Resolution_Attachment 2

Housing Needs Assessment City of Pleasanton | A-61 Figure A-45: Cost Burden by Tenure Notes: Universe: Occupied housing units Cost burden is the ratio of housing costs to household income. For renters, housing cost is gross rent (contract rent plus utilities). For owners, housing cost is “select monthly owner costs”, which includes mortgage payment, utilities, association fees, insurance, and real estate taxes. HUD defines cost-burdened households as those whose monthly housing costs exceed 30% of monthly income, while severely cost-burdened households are those whose monthly housing costs exceed 50% of monthly income. Source: ABAG 2021 Pre-certified Housing Needs Data (U.S. Census Bureau, American Community Survey 5-Year Data (2015-2019), Table B25070, B25091) In Pleasanton, 13.0 percent of households spend 50 percent or more of their income on housing, while 16.9 percent spend 30 to 50 percent. However, these rates vary greatly across income categories (see Figure A-46). As expected, lower-income households are more likely to be housing cost-burdened than higher-income households. For example, among low-income Pleasanton households (earning 80 percent of AMI or less) 76.4 percent (4,034 households) are cost burdened, and 52.8 percent (2,785 households) are severely cost burdened. 79.8 percent (1,560 households) of Pleasanton households making less than 30 percent of AMI spend most of their income on housing. For Pleasanton residents making more than 100 percent of AMI, just 2.2 percent are severely cost-burdened, and 84.1 percent of those making more than 100 percent of AMI spend less than 30 percent of their income on housing. Low-income households that rent are also more likely to overpay for housing than low-income homeowners. Among low-income Pleasanton households that are cost burdened, 58 percent (2,345 households) rent their home, and 42 percent (1,690) are homeowners. This Housing Element includes Program 2.8 to develop an enhanced local rental assistance program to off-set the costs of market-rate rents for qualifying lower and moderate-income households when payment of those rents would result in overpayment or severe overpayment. Under Program 2.12, the City will offer financial support to reduce overpayment through the City’s Down Payment Assistance Program also o financial support to reduce overpayment. 76% 53% 14% 23% 10% 21% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Owner Occupied Renter OccupiedPercent of Households0%-30% of Income Used for Housing 30%-50% of Income Used for Housing 50%+ of Income Used for Housing Not Computed