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TEXAS GENERAL LAND OFFICECOMMUNITY DEVELOPMENT AND REVITILIZATIONSection 3 Final Rule GuidanceThis guidance document covers the Section 3 Final Rule, codified in 24 CFR Part 75. The Final Rule took

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What is section 3 final rule?

The Section 3 final rule refers to a regulation under the Housing and Urban Development Act that aims to ensure that economic opportunities generated by certain HUD-funded projects are directed to low- and very low-income persons, particularly those who are recipients of government assistance.

Who is required to file section 3 final rule?

Entities that receive certain HUD funding, including public housing authorities, developers, and contractors involved in housing and urban development projects, are required to comply with and file documentation related to the Section 3 final rule.

How to fill out section 3 final rule?

To fill out the Section 3 final rule documentation, entities must review the guidelines provided by HUD, gather necessary information regarding income levels of beneficiaries, and complete the required forms that detail how they sought to provide economic opportunities to low- and very low-income persons.

What is the purpose of section 3 final rule?

The purpose of the Section 3 final rule is to foster economic self-sufficiency among low- and very low-income individuals by providing them with access to job training, employment, and contracting opportunities arising from HUD-funded projects.

What information must be reported on section 3 final rule?

Entities must report information including the number of individuals served, their income levels, the type of assistance provided, employment outcomes, and efforts made to engage Section 3 individuals or businesses in the project.

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