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Nexus-Based Affordable Housing Fee Analysis for Rental Housing Draft Report 02/26/18 These steps of the nexus-based fee calculation provide the total number of income-qualified workers required to meet the needs for goods and services generated by market-rate rental housing. The number of workers servicing market-rate housing (at each apartment unit size) is then converted to total income qualified households and each such household is assumed to require one housing unit. 3. This analysis calculates the fees that could be charged to fully mitigate the impact that new market-rate housing has on Pleasanton's affordable housing demand at various representative unit sizes. These fees could range from $24,911 for studio apartments to $46,631 for 3-bedroom apartments. The nexus fee is calculated by applying the number of affordable units needed by income qualified households to the affordability gap for each housing income category. This calculation is made for several different apartment sizes. Table 1 summarizes the maximum nexus-based fees calculated for representative rental unit sizes. The City may also consider whether to allow developers to provide affordable apartment units within their projects, rather than paying the nexus-based fee. Table 1 illustrates the proportions of affordable units that correspond to the fee calculation and demands created by the market-rate units. For instance, a project offering two-bedroom units would effectively mitigate the demand being created by the market-rate units if it provided 0.173 affordable units for each market- rate unit. Economic&Planning Systems, Inc. 5 P:\151.00051111P.....,..rmVeportWraNable_Housing\151111report022616renfal.Eoa