Form HUD 60002, Section 3 Summary Report Hud
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People also ask
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What is section 3 in California?
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 ...
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What is the section 3 clause?
The Section 3 program requires recipients of HUD funding to direct employment, training, and contracting opportunities to low-income individuals and the businesses that employ these persons within their community. Section 3 is a provision of the HUD Act of 1968 and is found at 12 U.S.C.
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What is the HUD section 3 contract clause?
The Section 3 clause stipulates that, among other provisions, contractors shall post notice describing the number and types of positions for hires, training and apprenticeship positions and the anticipated start date of employment.
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What does section 3 mean in construction?
Section 3 projects are 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.
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What is the definition of Section 3?
Section 3 projects means 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.
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What is the section 3 clause of a contract?
The purpose of Section 3 is to ensure that employment and other economic opportunities generated by HUD assistance, or HUD-assisted projects covered by Section 3, shall to the greatest extent feasible be directed to low and very low-income persons, particularly persons who are recipients of HUD assistance for housing.
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What is HUD form 60002?
The HUD Section 3 60002 Form is a Web-based system that allows direct recipients of HUD funding that are subject to Section 3 requirements to submit Section 3 reports for covered funds received annually during their reporting period.
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What is section 3 of the US Housing Act?
The Section 3 program requires recipients of HUD funding to direct employment, training, and contracting opportunities to low-income individuals and the businesses that employ these persons within their community. Section 3 is a provision of the HUD Act of 1968 and is found at 12 U.S.C. 1701u.
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