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OMB Approval No.:U.S. Department of Housing and Urban DevelopmentContract and Subcontract Activity25350117 (exp. 1/31/2013)Public Reporting Burden for this collection of information is estimated to

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What is form hud 2516 business?

Form HUD-2516 Business is a form used by businesses to report their Section 3 summary information to the Department of Housing and Urban Development (HUD).

Who is required to file form hud 2516 business?

Businesses that receive certain HUD financial assistance and meet the definition of a Section 3 business are required to file Form HUD-2516 Business.

How to fill out form hud 2516 business?

Form HUD-2516 Business requires businesses to provide information on the number of Section 3 employees, contracts awarded to Section 3 businesses, and training opportunities provided to Section 3 residents. The form must be completed accurately and submitted to HUD as instructed.

What is the purpose of form hud 2516 business?

The purpose of Form HUD-2516 Business is to ensure that businesses receiving HUD assistance are fulfilling their obligation to provide economic opportunities for low-income individuals and businesses in the area where the HUD project is located.

What information must be reported on form hud 2516 business?

Information such as the number of Section 3 employees hired, contracts awarded to Section 3 businesses, and training opportunities provided to Section 3 residents must be reported on Form HUD-2516 Business.

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