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outer limit of what might reasonably be considered "affordable." <br />Our typical family of four at 120% of the median regional <br />household income might be able to "afford" a home at a sales <br />price of $109,800 under this formula. In other words, this <br />relatively affluent family might be able to "afford" a dwelling, <br />as suggested at the introduction of this report, at the lower <br />end of Pleasanton's housing market if they could qualify for <br />a loan and if they could manage to afford spending 33% of their <br />gross monthly income for housing payments. Few such units are <br />available and even fewer can be expected to be built in the near <br />future without substantial governmental subsidies. <br /> <br />What. About Rental Housing? <br /> <br />Table 18 reveals a range of rents that might be considered <br />"affordable" to moderate income households. <br /> <br />No. of <br />Persons In <br />Household <br /> <br />1 <br /> <br />2 <br /> <br />3 <br /> <br />4 <br /> <br />5 <br /> <br />6 <br /> <br />7 <br /> <br />8 <br /> <br /> TABLE 18 <br /> <br />"AFFORDABLE" PAYMENTS FOR MODERATE INCOME <br /> HOUSEHOLDS (RENTALS) <br /> <br /> Payment "Affordable" Payment "Affordable" <br /> No. of at 25% of Gross at 33% of Gross <br /> Bedrooms Monthly Income Monthly Income <br /> 1 $354-531 $472-708 <br /> 1 & 2 406-610 542-814 <br /> 2 458-686 610-915~ <br /> 2 & 3 508-762 678-1017 <br /> 3 & 4 541-811 721-1082 <br /> 4 572-857 762-1143 <br /> <br /> 4 & 5 604-906 806-1208 <br /> 5 635-954 847-1272 <br /> <br />-88- <br /> <br /> <br />