AGENDA PACKET - Laserfiche WebLink

Table 4: Estimates of Inclusionary Units Yields, Remaining Residential Sites* Residential Density Typical Unit Type Number of Projects/Sites Subject to IZO Total Project Units Subject to IZO Inclusionar y Unit Yield (10%) Inclusionary Unit Yield (15%) Inclusionary Unit Yield (20%) 2-8 du/ac Detached Single- Family 3-5 60-168 n/a 9-25 units 12-34 units 8-29 du/ac Attached Townhome s 5-17 420-560 n/a 60-95 units 82-126 units 30+ du/ac Apartments 20-30 4,200 - 5,600 420-560 630-840 units n/a *”Remaining Residential Sites” include all sites included in Housing Element sites inventory (Tables B-14 and B-15), that are not yet entitled or part of an active development application, and where project size is 10 units or more.) 4. Comparison to Peer Cities Inclusionary Rates As a further point of comparison, staff compiled information on inclusionary rates and affordable housing fees for peer cities including Dublin, Livermore, Danville, San Ramon, Walnut Creek, and Fremont. These summaries are included in Tables 5 and 6 below. Table 5: Peer Cities Comparison, Inclusionary Rates and Fees for Ownership Projects City Inclusionary Requirement Income Targets In-Lieu Fee1. Per Sq. Ft. Per Unit (Equivalent)2 Pleasanton 20% Moderate $17.34 $52,023 Danville 10% Moderate Market Gap Calculation Dublin 15% Moderate/Low $15.00 $45,000 Fremont 15% Moderate/Low $44.00 $132,000 Livermore 15% Moderate/Low $39.94 $119,820 San Ramon 10% Moderate $15.70 $47,100 Walnut Creek 10% 7% 6% Moderate Low Very Low $21.86 $65,580 1. Circumstances under which payment of in-lieu fees may be paid vary by jurisdiction. In most cases, in-lieu fees apply for projects below a minimum number of units or are subject to approval as part of an alternative compliance proposal. 2. Assumes units are 3,000 sq. ft single-family homes Page 12 of 40