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Section 3 Compliance Pre-planning and Housing Development Division 2624 Vermont Ave PO Box 1535 Bismarck, ND 585021535 800/2928621 or 701/3288080 800/3666888 (TTY) www.ndhfa.org hfainfo@nd.govTABLE

How to fill out section 3 compliance plan

How to fill out section 3 compliance plan

1. To fill out section 3 compliance plan, follow these steps:
2. Start by reviewing the requirements and guidelines provided by the regulatory body or organization requiring the compliance plan.
3. Identify the specific sections or areas that need to be addressed in the compliance plan.
4. Gather all relevant information and documentation related to your organization's operations, processes, and procedures.
5. Clearly define the goals and objectives of the compliance plan, ensuring they align with the regulations and guidelines.
6. Develop specific action steps or measures to achieve compliance in each identified area. These steps should be detailed and measurable.
7. Assign responsibilities to individuals or departments within your organization for implementing the compliance plan.
8. Create a timeline or schedule for executing the compliance plan, ensuring that deadlines are realistic and achievable.
9. Continuously monitor and evaluate the progress of the compliance plan, making necessary adjustments or improvements as needed.
10. Document all steps, actions, and decisions related to the compliance plan for future reference and auditing purposes.
11. Train and educate relevant employees on the compliance plan and ensure they understand their roles and responsibilities.
12. Regularly review and update the compliance plan to reflect any changes in regulations or guidelines.
13. Seek legal or compliance expertise if necessary to ensure the accuracy and effectiveness of the compliance plan.
14. Finally, submit the completed compliance plan to the appropriate regulatory body or organization.

Who needs section 3 compliance plan?

1. Businesses and organizations that are subject to specific regulations or guidelines related to workforce development, federal contracting, or public housing assistance programs may need a section 3 compliance plan.
2. Section 3 of the Housing and Urban Development (HUD) Act of 1968 requires that recipients of certain HUD financial assistance provide training, employment, and other economic opportunities to low-income individuals and businesses in their communities.
3. Therefore, entities receiving HUD funding, such as housing authorities, developers, contractors, subcontractors, and other relevant stakeholders, may need to develop and maintain a section 3 compliance plan.

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What is section 3 compliance plan?

Section 3 compliance plan outlines the strategies and actions that a company will take to promote opportunities for low-income individuals and businesses in their area.

Who is required to file section 3 compliance plan?

Any organization that receives federal funding or contracts for housing or community development projects is required to file a section 3 compliance plan.

How to fill out section 3 compliance plan?

To fill out a section 3 compliance plan, organizations must address how they will comply with the requirements of providing training, employment, and contracting opportunities to low-income individuals.

What is the purpose of section 3 compliance plan?

The purpose of section 3 compliance plan is to ensure that federal funding or contracts contribute to the economic development of low-income communities.

What information must be reported on section 3 compliance plan?

Information such as the number of low-income individuals employed, training provided, and contracts awarded to low-income businesses must be reported on a section 3 compliance plan.