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Case 3:10-cv-01702-B Document 1 Filed 08/27/10-Page 1 of 6 Paged 1 IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION VAX Ltd., INC., A NEVADA CORPORATION, PLAINTIFF,
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Section 3 strategy form is a document that outlines a company's plan to provide job training, employment opportunities, and other benefits to low-income individuals or specific groups as required by the Department of Housing and Urban Development (HUD).
Companies that receive federal financial assistance for housing and community development projects, such as contracts or grants from HUD, must file section 3 strategy form.
To fill out section 3 strategy form, companies need to provide information about their existing programs or plans to comply with the section 3 requirements, including details on job training opportunities, local hiring efforts, and other initiatives that promote economic opportunities for low-income individuals.
The purpose of section 3 strategy form is to ensure that federal funds allocated for housing and community development projects benefit low-income individuals and targeted groups by creating employment and training opportunities.
Section 3 strategy form requires companies to report on their efforts to hire and provide training to low-income individuals or specific groups, details on subcontracting opportunities, and any outreach and recruitment efforts aimed at these target populations.
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