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Form: MHDC103Missouri Housing Development Commission SelfDeclaration of IncomeApplicant Name: ___ This is to certify the income status for the above named individual. Income includes but is not limited
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Section 3 refers to specific provisions in housing law designed to ensure that public housing funds benefit low and very low-income persons. Targeted refers to the focus on specific groups or areas to ensure equitable access.
Entities receiving federal housing assistance or contracts related to public housing are required to file Section 3 and targeted reports, including housing authorities, developers, and contractors.
To fill out Section 3 and targeted, entities must gather data on their hiring, contracting, and business practices, complete the necessary forms or online submissions, and ensure compliance with reporting requirements.
The purpose of Section 3 and targeted initiatives is to promote local economic development, neighborhood stability, and self-sufficiency for low-income individuals and families through job training and employment opportunities.
Entities must report information on employment opportunities created, the number of individuals hired, outreach efforts, and compliance with Section 3 requirements.
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