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6-12-12 SCS_OBAG_RHNASmall Town Service ~ Community Stewardship ~ Future Focus Sustainable Communities Strategies One Bay Area Grant Regional Housing Needs Allocation (2014 -22) Small Town Service ~ Community Stewardship ~ Future Focus SCS RHNA OBAG One Bay Area Plan Small Town Service ~ Community Stewardship ~ Future Focus Sustainable Communities Strategy •Six scenarios •Preferred Scenario: Jobs -Housing Connection Includes jobs, population and housing distribution projections for 2040 •Factors that determine projected growth: –Employment, transit access, household formation, housing production, and social equity goals •Los Gatos Projection: 1,140 units or 9% growth between 2010 and 2040 Small Town Service ~ Community Stewardship ~ Future Focus Priority Development Areas •Locally -identified, infill development opportunity area •100 AC and local commitment to develop housing along with amenities and services •Near planned fixed transit or bus service •Planned and Potential PDA •Los Gatos elected not to designate a PDA •VTA designated two Potential PDAs –Downtown and Vasona Light Rail Station Area Small Town Service ~ Community Stewardship ~ Future Focus Small Town Service ~ Community Stewardship ~ Future Focus One Bay Area Grant •$84 million to Santa Clara County •70% dedicated to PDAs and 30% to Non -PDAs •Funding Period: 2013 to 2016 •Eligibility: –Adopt Complete Streets Policies through a resolution by 1/31/13 –Updated General Plan Transportation Element by 10/31/14 –Adopted and Certified 2007 -14 Housing Element by 1/31/13 Small Town Service ~ Community Stewardship ~ Future Focus Regional Housing Needs Allocation (2014 to 2022) •Sustainability Component •Fair Share Component –Minimum Housing Floor •Income Allocation •Sphere of Influence adjustments Very Low: 189 Low: 107 Moderate: 131 Above Moderate: 190 Total: 617 units Small Town Service ~ Community Stewardship ~ Future Focus Alternatives 1.Not endorse VTA’s proposed Potential PDA in the Downtown or Vasona Light Rail Area 2.Endorses, but not adopt VTA’s proposed Potential PDA in the Downtown or Vasona Light Rail Area 3.Redefine the Downtown PDA to the Highway 17 Corridor 4.Not endorse the Downtown Potential PDA, but endorse the Vasona Light Rail Potential PDA