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This document certifies that a business qualifies as a Section 3 Business, designed to create economic opportunities for low-income residents through public housing programs.

How to fill out section 3 business certification

How to fill out SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)

1. Gather the required documentation: Collect information detailing your business structure, ownership, and operations.
2. Complete the Section 3 Business Certification form: Include the necessary business details, such as the business name, address, and contact information.
3. Demonstrate eligibility: Provide evidence that your business meets the Section 3 criteria, such as being a low-income business or a business owned by residents living in public housing.
4. Provide supporting documentation: Include any relevant documents such as tax returns, financial statements, or proof of ownership.
5. Sign and date the form: Ensure that the form is signed by an authorized representative of the business.
6. Submit the certification: Send the completed form and all accompanying documents to the appropriate public housing authority or agency.

Who needs SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

1. Businesses that are looking to qualify for contracts and economic opportunity created by federal housing programs.
2. Entities seeking to demonstrate compliance with Section 3 requirements to encourage local economic development.
3. Small businesses or enterprises owned by low-income individuals or residents of public housing.

People Also Ask about

What is section 3 of the US housing Act?

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 a Section 3 vendor?

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 training program?

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 a Section 3 qualified business?

Business can be Section 3 if 51% owned and controlled. by a PHA or low/very low-income resident or 75% of hours. worked over past 3 months were by Section 3 workers.

What is Section 3 of the Small business Act?

Under section 3(a)(2)(A) of the Small Business Act, the SBA Administrator may specify detailed definitions or standards by which a business concern may be determined to be a small business concern for the purposes of SBA's programs or any other Federal Government program.

Who does section 3 apply to?

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 Section 3 of 24 CFR Part 135?

Section 3 of the Housing and Urban Development Act of 1968 [24 CFR Part 135] is a Regulation of the Department of Housing and Urban Development (HUD) that attempts to provide economic and employment opportunities to low-income residents and businesses when certain HUD funds are used for construction.

What is a section 3 worker's job description?

A Section 3 worker is any worker who currently fits, or when hired within the past five years fit, at least one of the following categories, as documented: The worker's income for the previous or annualized calendar year is below the income limit established by HUD (see FAQ ID 3783);

What is the definition of section 3?

Section 3 worker: Any worker who currently fits or when hired within the past five years fit at least one of the following categories, as documented: The worker's income for the previous or annualized calendar year is below the income limit established by HUD.

For pdfFiller’s FAQs

What is SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

SECTION 3 BUSINESS CERTIFICATION is a form used to certify businesses that meet certain criteria established by the HUD to promote economic opportunities for low- and very low-income individuals.

Who is required to file SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

Businesses that are engaged in contracts or projects funded by HUD and that meet the Section 3 requirements must file this certification.

How to fill out SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

To fill out the certification, businesses need to provide information on their ownership, annual gross revenues, and the number of employees, along with necessary documentation that proves compliance with Section 3 requirements.

What is the purpose of SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

The purpose is to ensure that certain businesses are recognized for their contributions toward providing employment and contracting opportunities for low- and very low-income residents.

What information must be reported on SECTION 3 BUSINESS CERTIFICATION UNDER 24 C.F.R. § 135.36 (1)(IV)?

Businesses must report their ownership structure, number of employees, annual gross income, and whether the business meets Section 3 criteria such as hiring Section 3 residents.