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Page 3 of 5 2031). The table includes a column for the projection period between June 30, 2022 - January 30, 2023, as units that were permitted after June 30, 2022 are included in the current RHNA cycle. Although production has trended upward, the first two years of the Housing Element Cycle have yielded less than three percent of the City’s total RHNA target. Current Cycle (2023-20231) RHNA Progress Based on the existing market demand and approvals/entitlements issued in the past year and pending, staff expects the City will issue a greater number of permits in 2024 as compared to 2023. Projects expected to begin construction include the 55-unit 3200 Hopyard Road project, and the 42-unit 2025 Santa Rita Road project, both townhome developments. Staff is also optimistic that permits will be issued for the remaining 284 apartment units at Avalon Bay, where a portion of the project is already under construction. In addition, the number of ADUs is anticipated to remain consistent over the next year. Despite these general trends, high interest rates, ongoing construction cost increases and potential tariffs may affect housing production, and it is difficult to predict whether the City will see a slow-down or increase in new housing construction. 3. Progress on Housing Programs Table D includes a status update on the 54 programs to be implemented during the 6th cycle period. The Housing Element programs provide actionable steps to implement the City’s goals and to further the City’s progress toward meeting its housing allocation. Some programs contain quantified objectives, which refer to the number of units that are expected to be constructed, preserved, or rehabilitated through the program during the planning period. These quantified objectives represent measurable outcomes that can be used to benchmark the success of each program. This Housing Element contains institutional changes intended to significantly increase the amount and type of housing for all income levels in Pleasanton. Significant progress has been made on many programs, including the following: • Program 1.3: Adopt zoning standards consistent with the Bay Area Rapid Transit (BART) Transit Oriented Development (TOD). In 2023, the City adopted Objective Design Standards consistent with the provisions of AB 2923. The City also has submitted for and received nomination for MTC/ABAG’s Priority Sites Program, rezoned the site to be consistent with the 6th Cycle Housing Element, and in 2025 has commenced concept planning for the site with BART and a consulting project team. Page 93 of 348