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Town of Summerville Planning Area - BCD Council of Governments

Town of Summerville Planning Area - BCD Council of Governments

Town of Summerville Planning Area - BCD Council of Governments

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Overall Housing AffordabilityAccording to the US Department <strong>of</strong> Housing and Urban Development, the generally accepted definition<strong>of</strong> affordability is for a household to pay no more than 30 percent <strong>of</strong> its annual gross income for housingcosts. In <strong>Summerville</strong>, over 29 percent <strong>of</strong> residents are paying greater than 30 percent <strong>of</strong> their incomefor housing costs, according to the 2006‐2008 American Community Survey, as illustrated in FigureHO10.Figure HO10: Percentage <strong>of</strong> HouseholdIncome Spent on Monthly Housing Costs in<strong>Summerville</strong>70.6%29.4%>30% <strong>of</strong> Income

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