Form HUD 60002, Section 3 Summary Report Hud

What is the Form HUD 60002, Section 3 Summary Report Hud

The Form HUD 60002, Section 3 Summary Report, is a crucial document used by recipients of federal funding to report on the employment and contracting opportunities provided to low-income individuals and businesses. This form is part of the Section 3 program, which aims to ensure that the economic opportunities generated by HUD-funded projects benefit the residents of the communities in which the projects are located. The form captures data related to the number of jobs created, the types of contracts awarded, and the demographics of the individuals who benefited from these opportunities.

How to use the Form HUD 60002, Section 3 Summary Report Hud

Using the Form HUD 60002 involves several key steps. First, recipients must gather relevant data regarding employment and contracting activities associated with their HUD-funded projects. This includes tracking the number of individuals hired, the types of contracts awarded, and the demographics of those served. Once the data is collected, it should be accurately reported on the form. The completed form must then be submitted to the appropriate HUD office, ensuring compliance with reporting deadlines and requirements. Utilizing electronic tools can streamline this process, making it easier to fill out and submit the form digitally.

Steps to complete the Form HUD 60002, Section 3 Summary Report Hud

Completing the Form HUD 60002 involves a systematic approach:

1. Gather Data: Collect information on employment and contracting activities related to your HUD-funded project.
2. Fill Out the Form: Enter the collected data into the appropriate sections of the form, ensuring accuracy and completeness.
3. Review: Double-check the information for any errors or omissions before finalizing the form.
4. Submit: Send the completed form to the designated HUD office, adhering to submission guidelines and deadlines.

Key elements of the Form HUD 60002, Section 3 Summary Report Hud

The Form HUD 60002 includes several key elements that are essential for compliance and reporting:

• Project Information: Details about the HUD-funded project, including the project name and funding source.
• Employment Data: Information on the number of individuals hired, including their demographics.
• Contracting Data: Details on contracts awarded, including the types of services provided and the businesses involved.
• Certification: A section for the responsible official to certify the accuracy of the reported information.

Legal use of the Form HUD 60002, Section 3 Summary Report Hud

The legal use of the Form HUD 60002 is governed by federal regulations that require recipients of HUD funding to report on the economic opportunities created through their projects. This form must be completed accurately and submitted on time to ensure compliance with Section 3 requirements. Failure to properly report can result in penalties, including loss of funding or other legal repercussions. It is important for recipients to understand their obligations under the law and to use the form as a tool for accountability and transparency.

Form Submission Methods (Online / Mail / In-Person)

The Form HUD 60002 can be submitted through various methods, depending on the guidelines provided by the specific HUD office. Common submission methods include:

• Online Submission: Many HUD offices allow for electronic submission of the form through their designated online portals.
• Mail: Recipients can also send the completed form via postal mail to the appropriate HUD office.
• In-Person: In some cases, submitting the form in person may be an option, allowing for direct communication with HUD representatives.