What are Section 3 requirements?

The Section 3 program requires that recipients of certain HUD financial assistance, to the greatest extent possible, provide training, employment, contracting and other economic opportunities to low- and very low-income persons, especially recipients of government assistance for housing, and to businesses that provide …

What is Section 3 hiring plan?

The purpose of Section 3 is to provide jobs to low- and very low-income people who live in the targeted area of HUD-funded construction projects, such as those developed with funds from the Neighborhood Stabilization Program (NSP).

What are Section 3 workers?

A Section 3 worker is a worker who currently fits or when hired within the past five years fit at least one of the following categories: (1) met HUD’s income limits in the previous calendar year, (2) is employed by a Section 3 business concern, or (3) is a YouthBuild participant.

What is a Section 3 subcontractor?

The purpose of Section 3 is to ensure that preference for employment, training and contracting opportunities generated from the expenditure of certain HUD funds is directed to local low- and very low-income persons, particularly those who receive federal housing assistance, and businesses that are owned by or …

What triggers section3?

Section 3 is triggered when the normal completion of construction and rehabilitation projects creates the need for new employment, contracting, or training opportunities.

What is HUD Section 3 housing?

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 Field policy?

A field policy can include: A read function that specifies what happens when the field’s cached value is read. A merge function that specifies what happens when field’s cached value is written. An array of key arguments that help the cache avoid storing unnecessary duplicate data.