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This document outlines the Section 3 Plan to comply with the Housing and Urban Development Act of 1968, ensuring that federal funds are directed towards employment and economic opportunities for low-income
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How to fill out section 3 plan
How to fill out SECTION 3 PLAN
01
Begin by identifying the project purpose and objectives.
02
Clearly outline the target population that will benefit from the project.
03
Specify the resources you will need, including funding and personnel.
04
Describe the methods and strategies you will use to achieve the objectives.
05
Create a timeline that details the phases of the project.
06
Indicate how you will evaluate the success of the project.
07
Ensure that all information is clear, concise, and logically organized.
Who needs SECTION 3 PLAN?
01
Organizations or individuals planning to apply for federal assistance.
02
Community development enterprises looking to implement projects that benefit low-income individuals.
03
Entities required to comply with federal regulations regarding economic opportunities.
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What is section 3 in business?
To qualify as a “Section 3 business concern”, at least: 51% of the business must be owned and controlled by either a low- or very low-income person(s) 51% of the business must be owned and controlled by either current public housing residents, or those living in Section 8-assisted housing.
What is section 3 of the US Housing Act?
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 is a provision of the HUD Act of 1968 and is found at 12 U.S.C. 1701u.
What is the Section 3 strategy?
Section 3 is a provision of the Housing and Urban Development Act of 1968 whose purpose 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
What is the Section 3 regulation?
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
What does section 3 mean?
Section 3 is a provision of the federal Housing and Urban Development Act of 1968 that helps foster local economic development, job opportunities and self-sufficiency.
What is section 3 in business?
To qualify as a “Section 3 business concern”, at least: 51% of the business must be owned and controlled by either a low- or very low-income person(s) 51% of the business must be owned and controlled by either current public housing residents, or those living in Section 8-assisted housing.
What does section 3 mean?
Section 3 is a provision of the federal Housing and Urban Development Act of 1968 that helps foster local economic development, job opportunities and self-sufficiency.
What is section 3 of the US Housing Act?
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 is a provision of the HUD Act of 1968 and is found at 12 U.S.C. 1701u.
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What is SECTION 3 PLAN?
SECTION 3 PLAN is a document required under the U.S. Department of Housing and Urban Development (HUD) regulations that aims to ensure that certain employment and contracting opportunities are made available to low- and very low-income individuals in the community.
Who is required to file SECTION 3 PLAN?
Entities that receive HUD funding and engage in projects that involve construction, rehabilitation, or other housing-related activities are required to file a SECTION 3 PLAN.
How to fill out SECTION 3 PLAN?
To fill out a SECTION 3 PLAN, organizations must provide details about the project, outline the goals for hiring and contracting with low- and very low-income individuals, and describe the strategies to achieve these goals.
What is the purpose of SECTION 3 PLAN?
The purpose of the SECTION 3 PLAN is to promote economic opportunities for low- and very low-income residents by ensuring they benefit from federally funded projects in their communities.
What information must be reported on SECTION 3 PLAN?
The SECTION 3 PLAN requires reporting information such as the number of SECTION 3 residents hired, contracts awarded to SECTION 3 businesses, and the overall success in meeting the employment and contracting goals outlined in the plan.
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