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San Francisco Bay area Draft Regional Housing Needs :allocation, 4~~' Revision <br />factor in the methodology ensures that the allocation is consistent with both local plans for <br />growth and with regional growth policies, as those areas that are planning for household <br />growth would receive a higher allocation than those areas not planning for growth. <br />B. Employment, 45 percent (Existing Employment, 22.5 %; Employment Growth, <br />22.5 %) <br />Each local jurisdiction should plan for housing to accommodate existing employment (2007) <br />and regionally projected employment growth (2007-2014) within its boundaries during the <br />12)FINA planning period. <br />This would ensure that the need allocation gives jurisdictions with both existing <br />concentrations of jobs and planned job growth a share of the regional housing need. This <br />would direct housing to existing job centers and to areas with anticipated employment <br />growth. These jobs allocation factors may be effective in addressing regional jobs-housing <br />imbalance. These factors would also facilitate access by proximity, for housing would be <br />directed to communities with jobs and planned jobs, which may reduce vehicle miles traveled <br />due to reduced inter- and infra-regional commuting. <br />As a factor, employment has the ability to assign regional housing needs to jurisdictions in a <br />way that provides a better balance between housing and employment. In the Bay Area, as in <br />many metropolitan areas, employment centers have historically not produced enough housing <br />to match job growth. Limited housing production near existing jobs and in areas with <br />continued employment growth has escalated Bay Area housing costs and has triggered <br />increased housing production in outlying Bay Area communities and in surrounding counties, <br />including San Joaquin, Stanislaus, and San Benito. This has led to longer commutes on <br />increasingly congested freeways, inefficient use of public transportation infrastructure and <br />land capacity, and negative impacts on health, equity, air quality, the environment and overall <br />quality of life in the Bay Area. <br />In the allocation methodology, employment can be used in varying degrees of aggressiveness <br />to address regional jobs-housing imbalance. The HMC considered three options: <br />1) employment growth, 2) existing jobs (2007) and 3) total jobs in the 1tHNA period (existing <br />jobs in 2007 and growth from 2007 to 2014). Employment growth as a factor would assure <br />that jurisdictions that are planning for employment growth also plan for commensurate <br />housing. However, this would be ineffective in addressing historic regional jobs-housing <br />imbalances, and therefore it is the least aggressive option. Existing jobs as an allocation <br />factor would give relatively higher allocations to existing job centers and would therefore be <br />the most aggressive toward historic jobs-housing imbalances; however it does not take into <br />account future job growth. Total jobs as a factor would give relatively higher allocations to <br />both jurisdictions that are currently job centers and those with planned job growth. Therefore, <br />this is a moderately aggressive approach relative to the other two options. <br />The allocation method uses a balance between the least and most aggressive options by <br />separately weighting employment growth and existing employment. This would attempt to <br />address historic jobs-housing imbalances and would also seek to avert future imbalances. <br />While an aggressive approach, it is relatively less aggressive than the use of total jobs as a <br />factor. A total jobs factor would primarily direct growth to existing job centers, which would <br />receive the entire 4~ percent weight for employment, as opposed to the 22.5 percent weight. <br />Existing Employment, 22.5 Percent <br />lugust 2007, Page 8 <br />