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6th Cycle Program 1.5: 6. Facilitate funding of site acquisition and project <br />construction for appropriate sites through strategies such as issuance of <br />tax-exempt bonds, and other financing mechanisms, to finance the <br />construction of housing units affordable to extremely low-, very low- and <br />low-income households, to purchase land for such a use, and to reduce <br />mortgage rates. <br />Assist in the development of 100 below <br />market rate units over the planning period <br />Initial lower-income sites <br />outreach (September 2023); <br />subsequent lowerincome <br />sites outreach (September <br />2025 and September 2029) <br />o Religious institution <br />outreach (June 2023); <br />ongoing (within six months of <br />any changes to regulations <br />that facilitate housing on <br />such sites) (also see <br />Program 7.6) <br />o PUSD engagement (June <br />2025) <br />o Begin planning of at least <br />one housing site (January <br />2026) (see Program 1.7 for <br />earlier planning efforts on <br />sites that accommodate low- <br />income RHNA capacity) <br />o Other program aspects on <br />an ongoing basis <br />6th Cycle <br />Not Yet Started The City postponed its original plan to release an <br />Request for Proposal in calendar year 2025 to focus on <br />other City Counil priorities. <br />Units Contact Steve Hernandez, Housing <br />Manager <br />shernandez@cityofpleasantonca.gov <br />6th Cycle Program 1.6: For those properties designated for high-density <br />residential development with existing commercial uses, conduct <br />outreach with property owners and businesses to identify specific <br />incentives for business relocation and to encourage property owners to <br />develop their properties with housing. Develop appropriate incentives <br />that would facilitate relocating existing commercial/office/industrial uses <br />in order to enable development with residential uses. The City will <br />facilitate the conversion of commercial, office, industrial buildings and <br />parking structures for housing and mixed-use developments with use of <br />incentives, which may include: <br />1. Transfer of development rights; <br />2. A review of traffic requirements and evaluation measures to facilitate <br />mixed use <br />development; <br />3. Development of transit alternatives; <br />4. Use of development agreements; <br />5. Flexibility of parking standards; <br />6. Flexibility of development standards for converting existing buildings <br />or space to <br />residential (i.e., adaptive re-use) to ensure minimum and maximum <br />densities can be <br />achieved; and <br />7. Expedited processing of development applications <br />Facilitating the conversion of commercial, <br />office, industrial buildings and parking <br />structures for housing and mixed-use <br />developments. <br />Initial outreach (January <br />2025); subsequent outreach <br />(January 2027 and January <br />2029) <br />6th Cycle <br />Continuous Staff continues to be in discussion with owners of <br />several of the high-density housing sites, including the <br />Metro580 property, Signature Center Property, <br />Laborers Council property, and Stoneridge Shopping <br />Center, as they continue to explore housing <br />opportunities and development partnerships. <br />Other For more information contact Ellen Clark, <br />Community & Economic Development <br />Director: eclark@cityofpleasantonca.gov <br />6th Cycle Program 1.7: Facilitate the development of the large Kiewit and <br />Stoneridge Mall properties and other High Density sites larger than 10 <br />acres with housing by undertaking the following programs: <br />1. Stoneridge Mall: Prepare and adopt a Specific Plan, Master Plan, PUD <br />plan, or similar planning framework for development of the Stoneridge <br />Mall property (Area 2), in cooperation with the various property owners, <br />that incorporates housing at the amount and densities specified in the <br />housing sites inventory, including lower-income housing, as well as <br />complementary commercial uses. The goal of the planning effort is to <br />create a vibrant mixed use and transit-oriented development that <br />provides significant housing opportunities, including affordable housing, <br />in proximity to employment, shopping and services, that is well <br />connected to and incorporates multimodal transportation facilities. As a <br />first step in this process, develop initial policy guidance for the mall <br />through a “Framework” that will be the basis for future planning and a <br />forum to develop consensus around a vision for the mall for the affected <br />property owners and the community. <br />200 lower-income units approved or <br />constructed on large sites by January 2031 <br />Complete concept-level <br />planning (Framework) for the <br />Stoneridge Mall (March <br />2023). Complete and <br />adopt/approve detailed <br />Master Plans for Stoneridge <br />Mall site (July 2025) and <br />Kiewit property (July 2024). <br />Outreach to property owners <br />for other large sites: June <br />2023, and coordination to <br />offer technical support by <br />October 2024. If the City’s <br />efforts are not resulting in <br />progress toward housing <br />entitlement/development on <br />large sites by October 2026, <br />the City will review and revise <br />support efforts by May 2027. <br />The City’s action shall be <br />commensurate with the level <br />of progress toward housing <br />entitlement/development on <br />large sites (e.g., if no <br />progress has been made, a <br />rezoning action of additional <br />sites may be required). <br />6th Cycle <br />In Progress In December 2023, the City Council approved the <br />Stoneridge Mall Framework Components, which <br />outlined how housing allowed under the 6th Cycle <br />Housing Element was to be allocated among the four <br />property mall owners and six parcels at Stoneridge. It <br />also defined a Vision Statement, Guiding Principles, <br />and a series of Design and Placemaking Elements to <br />be reflected in a future Framework Plan. The intent of <br />the document is to provide guidance for any <br />subsequent efforts related to the comprehensive, long- <br />range planning of the mall. Since approval of the <br />framework, the City has met the Stoneridge Mall <br />property owners to discuss existing conditions and <br />constraints at Stoneridge, understand each owners’ <br />development interests and priorities, assess key issues <br />to be identified as part of a master planning effort, and <br />to discuss elements of the next steps. The City has <br />contracted with Architects Orange (AO), a firm that has <br />worked separately with all of the Stoneridge Mall <br />Property owners on mixed-use and/or mall projects in <br />the past. The costs of the AO contract ($40,000) will be <br />funded by the $150,000 provided by SPG, as per the <br />DA. AO has been tasked to develop a land use matrix <br />for each mall property inclusive of development <br />regulations/allowances for each site (e.g., residential <br />units, uses, site open space percentages, parking, <br />etc.) and potentially high level site diagrams, suggest <br />modifications to the City’s Objective Design Standards <br />aligning with City and property owner objectives at for <br />Units https://weblink.cityofpleasantonca.gov/W <br />ebLink/0/doc/304842/Page1.aspx <br />Page 25 of 242