CCMIN101700 - Laserfiche WebLink

be~er served when people are moving in and out. When people own a house, they are going to hang on to it, no matter how much income they have. The availability of affordable housing serves more people over the life of the housing. Mr. Tarver stated that he definitely believes that the market system of supply and demand works. Sometimes it works to the detriment of people. He has received many phone calls lately talking about the fact that they are not going to be able to keep living in their trait because of rental increases. He feels this should be looked at, because if not done, then the market will take over the "human side" of what is appropriate. It is absolutely not appropriate. This is supply and demand at its worse. He would like the Housing Commission and the Planning Commission to look at this. What are we displacing by letting the market get out of control? How many people is Pleasanton losing who have lived in the community for a number of years that are not going to be able to stay here because of the loss of units? This Council has tried to make affordability in perpetuity. The Council has to continue to strive for this. He recalled when the apartments in North Pleasanton were appmved and they were lost in 15 years - 15% and 15 years and they are gone. With the market the way it is, we cannot expect those people to say, "Okay, we will keep our 15% affordable." He hates to see people who have been in this community a long time displaced because of a lack of affordability in housing. This supply is not going to be enough in Pleasanton. Ms. Ayala said she would be interested in a new model because she does not see what is being proposed tonight as really solving the housing problem. Mr. Boeim~ said that this is included in the staff report. Ms. Michelotti asked when could Council go forward; after the study comes back? Mr. Booinn said that if Council approves the introduction of the ordinance, the ordinance would take effect 30 days after the next City Council meeting. The fee would remain at the current level until it is changed. Ms, Michelotti asked if that would be when the study was returned to Council and decides. She said there is an attitude in the conmaunity that fewer is better. The fewer units Pleasanton has, the cost per unit skyrockets. HaVing an incentive is the way she would like to see the Council go. She suggested looking at alternative means, such as a density bonus, citing previous projects as a way to address this issue. Homes are selling in this community that are in the $600,000 to $700,000 range and they are the older houses. She appreciated Mr. MacDonald's work. Pleasanton is not now allowing people who need to live in the community to live here because of what is happening to both the rental and the for sale units. Pleasanton City Council 15 10/17/00 Minutes