Section 3
What is Section 3?
Section 3 is a provision of the Housing and Urban Development (HUD) Act of 1968 that helps foster local economic development, neighborhood improvement, and individual self-sufficiency.
The Section 3 requirements stipulate that local low-income persons and businesses that substantially employ those persons receive priority consideration for a percentage of new training, employment, and contracting opportunities that are created from certain HUD funds.
If your business meets one of the following criteria, you may be eligible to receive priority consideration when bidding on certain HUD-funded contracts or subtracts:
Section 3 is a provision of the Housing and Urban Development (HUD) Act of 1968 that helps foster local economic development, neighborhood improvement, and individual self-sufficiency.
The Section 3 requirements stipulate that local low-income persons and businesses that substantially employ those persons receive priority consideration for a percentage of new training, employment, and contracting opportunities that are created from certain HUD funds.
If your business meets one of the following criteria, you may be eligible to receive priority consideration when bidding on certain HUD-funded contracts or subtracts:
- 51% or more is owned by Section 3 (public housing residents or low and very low-income persons who live in Harlingen/Cameron County) residents; or
- at least 30% of full-time, permanent staff are Section 3 residents (or were Section 3 residents within the last 3 years); or
- evidence of a commitment to subcontract 25% or more of the total dollar amount of all subcontracts to businesses that meet one of the criteria above
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