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Page 8 of 8 <br />SEIR, Addendum, and Negative Declarations, and accordingly, no further environmental <br />review is needed. <br /> <br />BOARD/COMMITTEE/COMMISSION ACTION <br />The First Amendment to the Affordable Housing Agreement was administratively approved in <br />April 2025. The Housing Commission was already disbanded in March 2024, and the changes <br />were determined to not require Planning Commission review. The Second Amendment to the <br />Affordable Housing Agreement and alternative compliance proposal have been determined to <br />only require City Council review and approval, based on applicable provisions of the PMC. <br /> <br />EQUITY AND SUSTAINABILITY <br />The action directly implements the Housing Element, a key goal of which is to increase <br />housing opportunities, including opportunities for housing affordable to very low- and low- <br />income residents - both through the inclusionary requirements, and by creating more <br />opportunities for partnerships with housing developers. Approval of the proposed project would <br />allow the construction of 336 multifamily residential units, which include six (6) affordable rental <br />units, as well as the conversion of 45 market rate units to affordable units. The site is identified <br />as a housing opportunity site in the 6th Cycle Housing Element Update. <br /> <br />OUTREACH <br />No additional outreach was conducted as this is a routine matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this action advances the ONE Pleasanton Strategic Plan goal of Building a <br />Community Where Everyone Belongs – Strategy 6, which aims to implement the Housing <br />Element and develop a plan to end homelessness to meet state requirements and provide <br />opportunities for additional housing and shelter in the community. This project would add a <br />total of 336 new rental housing units to Pleasanton’s housing stock and convert 45 market <br />units to affordable units, all of which would provide new housing opportunities for Pleasanton <br />and Tri-Valley residents, and the Affordable Housing Agreement, as amended, would provide <br />needed affordable housing opportunities for very low-, low-, and moderate-income Pleasanton <br />households. <br /> <br />FISCAL IMPACT <br />The modification to the Affordable Housing Agreement would not cause any direct fiscal <br />impact. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Steve Hernandez, Housing <br />Division Program Manager <br />Ellen Clark, Director of Community and <br />Economic Development <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Resolution <br /> <br />Page 82 of 694