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Max. Monthly Gross Rent'
<br />$3,296
<br />$3,769
<br />$4,239
<br />$4,710
<br />Max. Purchase Price 5% down2
<br />$559,400
<br />$646,200
<br />$732,400
<br />$818,700
<br />Max. Purchase Price 20% down3
<br />$754,000
<br />$871,300
<br />$987,500
<br />$1,104,000
<br />150-180% AMI
<br />Annual Income Limit
<br />$158,220
<br />$180,900
<br />$203,490
<br />$226,080
<br />Monthly Income
<br />$13,185
<br />$15,075
<br />$16,958
<br />$18,840
<br />Max. Monthly Gross Rent'
<br />$3,956
<br />$4,523
<br />$5,087
<br />$5,652
<br />Max. Purchase Price 5% down2
<br />$682,600
<br />$786,900
<br />$890,600
<br />$994,500
<br />Max. Purchase Price 20% down3
<br />$917,400
<br />$1,057,600
<br />$1,197,000
<br />$1,336,900
<br />180-200% AMI
<br />Annual Income Limit
<br />$175,800
<br />$201,000
<br />$226,100
<br />$251,200
<br />Monthly Income
<br />$14,650
<br />$16,750
<br />$18,842
<br />$20,933
<br />Max. Monthly Gross Rent'
<br />$4,395
<br />$5,025
<br />$5,653
<br />$6,280
<br />Max. Purchase Price 5% down2
<br />$763,300
<br />$879,300
<br />$994,700
<br />$1,110,100
<br />Max. Purchase Price 20% down3
<br />$1,026,000
<br />$1,181,700
<br />$1,336,910
<br />$1,492,000
<br />Notes:
<br />130% of income devoted to maximum monthly rent or mortgage payment, including utilities, taxes, and insurance
<br />2Assumes 95% loan (i.e., 5% down payment) @ 2.875% annual interest rate and 30 -year term
<br />'Assumes 80% loan (i.e., 20% down payment) @ 2.875% annual interest rate and 30 -year term
<br />Source: Zillow Mortgage Calculator
<br />A.5.4 At -Risk Housing Assessment
<br />While there is an immense need to produce new affordable housing units, ensuring that the
<br />existing affordable housing stock remains affordable is equally important. Additionally, it is
<br />typically faster and less expensive to preserve currently affordable units that are at risk of
<br />converting to market -rate than it is to build new affordable housing.
<br />The data in the table below comes from the California Housing Partnership's Preservation
<br />Database, the state's most comprehensive source of information on subsidized affordable
<br />housing at risk of losing its affordable status and converting to market -rate housing. According to
<br />this database, there are 672 assisted units in Pleasanton in the Preservation Database. Of these
<br />units, none are at moderate, high, or very high risk of conversion. As this database does not
<br />include all deed -restricted affordable units in the state, the City has reviewed its records for below
<br />market rate regulatory agreements. Since 2001, the City has required all affordability restrictions
<br />remain in effect in perpetuity (i.e., with no expiration), and the City is unaware of any units that
<br />are at risk of conversion to market rate in the next 10 years.
<br />Housing Needs Assessment City of Pleasanton I A-59
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