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Analysis Background On May 29, 2003, the Planning Commission approved Major Subdivision Application No. PA- 0200430, which included all of Neighborhood G. The Planning Commission's approval authorized the creation of 888 single `amily lots and one large R-MH parcel as noted above(see"Project Description").The current application (Major Subdivision Application No. PA-0600146 (also referred to as the"Pulte Neighbortood G Condominium Project"or the"project")was made necessary since PA-0200430 did not addrE ss the subdivision of the R-MH parcel into condominium lots. The Pulte Neighborhood G Condominium Project would be the second multi-family project in Mountain House. On April 7, 2005, the Planning Commission approved a 255 condominium project in Neighborhood E, also by Pulte Home Corporation.As of May 2006, 178 condominium units have been constructed. Analysis The project was reviewec for consistency with the General Plan, Mountain House Master Plan, Specific Plan I, the Mountain House Public Financing Plan, the Amended and Restated Master Plan Development Agree hent by and between County of San Joaquin and Trimark Communities Relative to the Development of Certain Property Within the Mountain House Community ('Development Agreemerit"), and other community plans. The project was found to be consistent with these plans. As part of this consistent/review, a determination was made concerning whether the project adequately addressed three key issues: 1) housing diversity and affordability; 2)noise, particularly with respect to transportation-related noise along Central Parkway; and 3)the fronting of condominiums along Central Parkway and the Mountain House Creek Community Park. Each of these is discussed below. Housing Diversity and Aff3rdability. One of the primary objectives of the Master Plan is to ensure that homes are available and affordable to employees working in Mountain House (Master Plan Objective 3.9.3 (a)). This objective is supported by policies requiring a mix of residential housing types, the availability of affordable housing for households at every income level, and reliance on market forces to determine the number, rents, and sales prices of dwelling units within the community(Master Plan Section 3.4.1, Policy(e); Section 2.5, Goal (a)and Objective (d); and Section 3.9.3 Policies (a) and (d)). The proposed project would increase the diversity of housing products in Mountain House by offering condominium units of 1,218 square feet, 1,475 square feet, 1,623 square feet, and 1,630 square feet, in area. The proposed project would also increase the opportunity for homeownership in Mountain House. As projected by the projec:applicant, prices would range from $375,000 for the smallest unit to $475,000 for the largest unit. (The project applicant notes, however, that this price range"may vary from the actual prices at tte time of sale depending on market fluctuations:')With the average sales price of conventional single family dwelling in Mountain House now exceeding$650,000, the condominiums would allow more potential home buyers to qualify for a home in Mountain House. The condominiums would, therefore, fill a needed market niche in Mountain House and help address 13