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This document outlines the policy and procedures for ensuring that employment and other economic opportunities generated by HUD funding are directed to low- and very low-income individuals, particularly
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How to fill out section 3 plan
How to fill out Section 3 Plan
01
Start by reviewing the guidance for Section 3 plans to understand its purpose and requirements.
02
Gather all relevant data and information related to the project or program that requires the Section 3 plan.
03
Identify the goals for Section 3, focusing on providing opportunities for low- and very low-income persons.
04
Outline the specific strategies and activities you will implement to meet Section 3 objectives.
05
Define measurable outcomes and performance indicators to track the success of your plan.
06
Review the plan for compliance with HUD regulations and ensure it aligns with local community development goals.
07
Submit the completed Section 3 plan as required by the funding agency or program guidelines.
Who needs Section 3 Plan?
01
Entities receiving Federal financial assistance for housing and urban development projects.
02
Organizations that intend to ensure economic opportunities for low- and very low-income residents.
03
Community development programs that must comply with Section 3 regulations.
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What is section 3 in business?
Section 3 Business Concern Means It is at least 51 percent owned and controlled by low- or very low-income persons; Over 75 percent of the labor hours performed for the business over the prior three-month period are performed by Section 3 workers; or.
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 definition of Section 3?
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 does section 3 mean in construction?
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 threshold of $200,000 (Lead Hazard Control and Healthy
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What is Section 3 Plan?
The Section 3 Plan is a document required by the U.S. Department of Housing and Urban Development (HUD) which outlines how recipients of HUD funding will ensure that their projects provide job opportunities and other economic benefits to low- and very low-income individuals, particularly those living in the vicinity of the funded projects.
Who is required to file Section 3 Plan?
Organizations and entities that receive certain HUD funding, such as public housing authorities, municipalities, and developers involved in HUD-financed projects, are required to file a Section 3 Plan.
How to fill out Section 3 Plan?
To fill out a Section 3 Plan, entities must collect data about the project, identify opportunities for employment and contracting for Section 3 residents and businesses, outline strategies to achieve compliance, and describe how they will measure success in meeting Section 3 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 persons by ensuring that they are given priority for jobs and contracts created from HUD-funded projects.
What information must be reported on Section 3 Plan?
The Section 3 Plan must report information such as the number of jobs created, the number of Section 3 residents hired, the contracts awarded to Section 3 businesses, and how the entity plans to achieve its Section 3 goals.
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