What Is Section 3 The Section 3 program requires recipients of HUD funding to direct employment training and contracting opportunities to low income individuals and the businesses that employ these persons within their community
Section 3 of the Housing and Urban Development Act of 1968 12 U S C 1701u and 24 CFR Part 135 represents HUD s policy for providing preference for new employment training and contracting opportunities created from the usage of covered HUD funds to low and very low income residents of the community where certain funds are spent regardless Section 3 is a provision of the Housing and Urban Development Act of 1968 The purpose of Section 3 is to ensure that employment and other economic opportunities generated by certain HUD financial
What Is Section 3
What Is Section 3
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The purpose of Section 3 is to ensure that employment and other economic opportunities generated by certain HUD financial assistance shall to the greatest extent feasible and consistent with existing federal state and local laws and regulations be directed to low and very low income persons particularly those who are recipients of This Guidebook informs users on how to implement the requirements of the new Section 3 final rule as well as specific application as it relates to different professional and construction services and how it is applied within different HUD program offices
Section 3 projects are housing rehabilitation housing construction and other public construction projects assisted under HUD programs that provide housing and community development financial assistance when the total amount of assistance to the project exceeds a Section 3 is a provision of the Housing and Urban Development HUD Act of 1968 that helps foster local economic development neighborhood economic improvement and individual self sufficiency
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Section 3 applies to housing construction housing rehab and public infrastructure projects that receive more than 200 000 in HUD assistance Section 3 also applies to projects that include Lead Hazard Control and Healthy Homes assistance that exceeds 100 000 Section 3 business concerns are businesses that can provide evidence that they meet one of the following criteria a 51 percent or more owned by Section 3 residents or b At least 30 percent of its full time employees include persons that are currently Section 3 residents or were Section 3 residents within three years
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https://www.hudexchange.info › programs
The Section 3 program requires recipients of HUD funding to direct employment training and contracting opportunities to low income individuals and the businesses that employ these persons within their community
https://www.hud.gov › sites › documents
Section 3 of the Housing and Urban Development Act of 1968 12 U S C 1701u and 24 CFR Part 135 represents HUD s policy for providing preference for new employment training and contracting opportunities created from the usage of covered HUD funds to low and very low income residents of the community where certain funds are spent regardless
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What Is Section 3 - The purpose of Section 3 is to ensure that employment and other economic opportunities generated by certain HUD financial assistance shall to the greatest extent feasible and consistent with existing federal state and local laws and regulations be directed to low and very low income persons particularly those who are recipients of
