What are the goals of Section 3?

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 the HUD Section 3 clause?

What is Section 3? It is a means by which HUD fosters local economic development, neighborhood economic improvement, and individual self-sufficiency. Section 3 is the legal basis for providing jobs for residents and awarding contracts to businesses in areas receiving certain types of HUD financial assistance.

What is a Section 3 summary report?

Determining What Should Be Reported on Form HUD-60002 Section 3 Annual Summary Reports are intended to measure each recipient's efforts to comply with the. statutory and regulatory requirements of Section 3 in its own operations AND those of covered. contractors, subcontractors, and subrecipients.

What is the HUD Section 3 threshold?

Section 3 projects mean housing rehabilitation, housing construction, and other public construction projects assisted under HUD programs that provide housing and community development financial assistance when the total amount of assistance to the project exceeds a threshold of $200,000.

What is the final rule of HUD?

In the Final Rule, HUD emphasizes that the 2013 rule is more consistent with how the Fair Housing Act has been applied in the courts and in front of the agency for more than 50 years, and that it more effectively implements the Act's broad remedial purpose of eliminating unnecessary discriminatory practices from the ...

What is HUD's Section 3 final rule?

To the greatest extent possible, Section 3 requires that recipients of certain HUD financial assistance provide job training and employment opportunities to low- or very low-income residents in connection with projects and activities in their neighborhoods.

What is the HUD Section 3 threshold?

Section 3 projects mean housing rehabilitation, housing construction, and other public construction projects assisted under HUD programs that provide housing and community development financial assistance when the total amount of assistance to the project exceeds a threshold of $200,000.

What is the HUD Section 3 clause?

What is Section 3? It is a means by which HUD fosters local economic development, neighborhood economic improvement, and individual self-sufficiency. Section 3 is the legal basis for providing jobs for residents and awarding contracts to businesses in areas receiving certain types of HUD financial assistance.

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Section 3 Summary Report Hud 60002 - Michigan

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Section 3 Summary Report U.S. Department of Housing Economic Opportunities for Low and Very LowIncome Persons OMB Approval No: 25290043 (exp. 11/30/2010) and Urban Development Office of Fair Housing.

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