23 ATTACHMENT 2 - Laserfiche WebLink

Draft 14. Subregional Planning Element 7$;009102,490 to ~-3$000141,180. The number of jobs is expected to increase by about $3-46 percent, from approximately 41-0~A0183,600 to 28900267 780? Housing The majority of housing in the Tri_Valley is single-family units (generally between 65 and 79 percent in the various communities). By comparison, 628 percent of the entire San Francisco Bay Area housing supply is single-family units. Vacanry rates in ~99~-2006 ranged from ~7-1.83 percent in Livermore to fi:A3.67 percent in Dublin-~, compared to 3.4 percent in the Bay Area as a whole.4 The Tri-Valley area, like the San Francisco Bay Area in general, is experiencing a shortage of housing. This is evidenced by the relatively low vacancy rates and by the fact that many Tri-Valley employees commute from outside the area. This housing shortfall reflects the rapid growth of employment in the 1980s and 1990s and the fiscal disincentive created by State legislation to local governments to plan fox new housing. The shortfall is qualitative, as well as quantitative, in that the market has not produced housing affordable to Tri-Valley workers. A consequence of the imbalance between income and the affordability of housing is the increasing number of Tri-Valley workers who live in east Contra Costa County and in San Joaquin Cotmty °- resulting in long commutes to work via the congested freeway system. It is important to ensure an adequate supply of housing fox people who work in the Tri-Valley area. When people live close to their place of employment, they commute shorter distances, thereby reducing traffic congestion and air pollution. People who spend less time commuting have more time to spend with their families and to become involved in the communities where they live. To this end. the City of Pleasanton has collaborated with regional entities on issues related to housing, One of these collaborative efforts is the Tri-Valley Affordable Housing Committee (TVAHC) comprised of elected officials and staff from the cities of Dublin Livermore Pleasanton and San Ramon along with the Town of Danville and Alameda and Contra-Costa counties. This Committee was formed in 1992 to collaborate and expand regional affordable housing onnortunities. A recent initiative of the TVAHC in 2005 was to create the Tri-Valley Housing Opportunity Centex which offers a comprehensive counseling and education program that will expand mortg~e credit opportunities and increase home ownership in the Tri-Valley region. The City of Pleasanton made a substantial monetary and staff contribution to help start this center. s ABAG Pm~ectiom.r 2005• California Department of Finance Demoeor~anhic Research Unit Population and Housing Estimates (Table 2: E-5~~anuar~ 2006. ~ Califomia Department of Finance. nuar~l 2006. Subregional Planning 060507, redline ~F{114-b City Council 6/5/2007