Get the free CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING

This document is used by business concerns to certify their eligibility for Section 3 preference in contracting based on various criteria such as ownership status, workforce composition, and subcontracting

How to fill out certification for business concerns

How to fill out CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING

1. Obtain a copy of the CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING form.
2. Review the eligibility criteria to ensure your business qualifies for Section 3 preference.
3. Fill in the business name and contact information accurately.
4. Provide details regarding the ownership of the business, including percentage ownership and demographic information of owners.
5. Indicate the type of business and include relevant documentation that supports your claims of eligibility.
6. Submit proof of eligibility through documentation such as income statements, tax returns, or other evidence showing compliance with Section 3 requirements.
7. Review your application for completeness and accuracy before submitting.
8. Submit the completed certification form to the appropriate agency or authority responsible for Section 3 contracting preferences.

Who needs CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

1. Businesses that are owned by low-income individuals, particularly those residing in public housing or adjacent areas.
2. Contractors looking to apply for federal funding that includes Section 3 provisions.
3. Small businesses aiming to gain a competitive edge in contracts involving public housing and related developments.

For pdfFiller’s FAQs

What is CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

The Certification for Business Concerns Seeking Section 3 Preference in Contracting is a document that verifies that a business meets the criteria set forth under Section 3 of the U.S. Housing and Urban Development Act of 1968, which aims to ensure that economic opportunities generated by certain federal housing programs are directed toward low- and very low-income individuals and businesses.

Who is required to file CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

Businesses that are seeking to receive contracting opportunities under Section 3 programs and wish to demonstrate their eligibility for preference must file the Certification for Business Concerns Seeking Section 3 Preference.

How to fill out CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

To fill out the certification, a business must provide information about its ownership, management, and workforce, along with proof of eligibility concerning income levels or residency. Follow the specific instructions outlined in the certification form provided by HUD.

What is the purpose of CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

The purpose of this certification is to ensure that business concerns owned by low- and very low-income individuals benefit from federal housing programs, thereby promoting economic development in the communities affected by these programs.

What information must be reported on CERTIFICATION FOR BUSINESS CONCERNS SEEKING SECTION 3 PREFERENCE IN CONTRACTING?

The information that must be reported includes the business's size, ownership structure, details regarding the workforce, and evidence of how the business meets the income eligibility criteria as outlined in Section 3 regulations.