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P23-0177 & Tract 8672, 3200 Hopyard Road Planning Commission 5 of 12 project will also incorporate bicycle storage areas in each garage for residents that utilize alternative commutes and provides EV ready parking spaces. The project will be conditioned to meet the City’s all-electric reach code, consistent with CAP 2.0 Strategy P.1. 6th Cycle Housing Element The project site is listed in the 6th Cycle Housing Element sites inventory (listed as APN 941 090706200 in Housing Element Table B-14) with the project to provide 44 moderate-income units. The project proposes 48 units for above-moderate-income households and nine units for lower-income residents. As proposed, the project exceeds the inventory’s estimates by offering nine more units for lower-income residents and 48 more units for above-moderate income households. Simultaneously, the proposal falls short by 44 units for moderate-income households per the Housing Element projections. However, the site inventory allows for a surplus of 56 units beyond the City's designated 894-unit allocation for moderate-income housing under the regional housing needs assessment (RHNA). Approving the project would not require rezoning additional sites to meet the moderate-income RHNA. Zoning and Uses Conformance The subject site has a zoning designation of RM-1,500 District. The project, pursuant to SB 330 and SDBL, aligns with the zoning district’s permitted uses and site-prescribed development standards pursuant to the Pleasanton Municipal Code (PMC), except with respect to items requests a concession or waiver pursuant to SDBL, and as further described in the next section of this report. Conformance with Site Development Standards The project is subject to the prescribed development standards for the RM-1,500 District. The site development standards for the zoning district are included in Table 2. As mentioned above, per SDBL, the project is eligible to request incentives and concessions, and waivers or reductions to development standards. The applicant has requested one incentive and 11 waivers, which are summarized below in Table 2. The applicant has requested the incentive and waivers from site development standards for the purpose of accommodating the proposed number of units at the allowed density (8+ du/ac) for the site and meet open space and circulation requirements. The majority of the waiver requests are related to spatial aspects of the project such as setbacks, lot area, FAR, parking, etc. Additionally, the applicant requests a height waiver to exceed the maximum height allowed of 30 feet to 34 feet to allow the project to fit onto the property as designed. Without the incentive and waivers, the applicant cites that the objective development standards hinder the project that is within the allowed density. In addition, the applicant cites the requests to be cost-saving, which in turn would provide affordable housing as part of the project. Staff has assessed the incentive and waiver requests in conjunction with SDBL and believes the request for waiver is appropriately needed to accommodate the site’s allowable density, and non e would have an adverse impact on health and safety, the physical environment, or historic resources. Please see Exhibit D for full request details per SDBL.