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Section 3: JOBS TO HOUSING ANALYSIS <br /> 3.1 JOBS TO HOUSING RATIOS <br /> Jobs-housing ratios(ratios) provide an indicator of how well land uses are meeting economic <br /> development goals.An area with a jobs-housing balance ratio greater than 1.0 has more jobs <br /> than workers available within the area, suggesting an inflow of workers,which in turn implies <br /> greater drive time,and potentially congestion and pollution in an area.An area with a jobs- <br /> housing balance smaller than 1.0 has fewer jobs than workers available within the area, <br /> suggesting an outflow of workers;this also implies greater drive time and associated increased <br /> congestion and pollution in an area.Jobs to housing balance is a tool for local planners to assess <br /> how balanced their land uses are to meet the needs of current economic drivers and future <br /> potential growth.' <br /> The MHMP includes the calculation of three ratios.All three ratios are calculated as the ratio of <br /> required housing to available housing.The MHMP Project buildout ratio of 0.99 is calculated as <br /> follows: <br /> Ratio=Required Housing=(#Jobs/Average#Employed Residents per HH)x(1+vacancy rate) <br /> Available Housing= #of Housing Units Built and Available for Occupancy <br /> The calculation of employed residents per household in the Altamont Corridor is shown in Table <br /> A-5 in Appendix A.Available housing is the number of completed residential units for two of the <br /> ratios;for one ratio,available housing is the number of completed residential units three years <br /> ago. Required housing differs between the three ratios because the number of jobs is different <br /> in each ratio.The three ratios are defined as: <br /> 1. Population-serving jobs ratio: Available housing reflects units completed.The total <br /> number of jobs includes only jobs that directly serve the residents of Mountain House. <br /> 2. Minimum ratio:Available housing reflects a 3-year lag in units completed.The total <br /> number of jobs includes all jobs (population-serving and regional). <br /> 3. Best case ratio.Available housing reflects units completed.The total number of jobs <br /> includes all jobs and direct construction jobs. <br /> Neither the formula used to calculate the ratios nor the inclusion of direct construction jobs are <br /> typical in calculation of jobs to housing ratios. In this section of the report the MHMP ratios are <br /> compared with industry standard ratios. <br /> 1 California Government Code Section 65890.1"balancing of employment-generating land uses and residential <br /> land uses improves economic and housing opportunities and reduces loss of economic productivity caused by <br /> transportation delay." <br /> Mountain House First Jobs Housing Review Final November 2019 Page 18 <br />