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What is a Section 3 Business Concern?
A business concern meeting at least one of the following criteria, documented within the last six-month period:
1. Itis at least 51% owned and controlled by low- or very low income persons;
2. Over 75% of the labor hours performed for the business over the prior three-month period are
performed by Section 3 workers; or
It is a business at least 51% owned and controlled by current public housing residents or residents who
currently live in Section 8-assisted housing.
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Additionally,
The business must be legally formed according to state law and be licensed in Virginia. Additional
documentation may be requested to demonstrate the business has the capacity to perform the contract
successfully under the terms and conditions of the proposed contract.
What type pf Economic Opportunities may be available under Section 3?
1. Employment opportunities
2. Training opportunities
3. Business Opportunities
Who will provide the Economic Opportunities?
Recipients of HUD financial assistance and their contractors and subcontractors are expected to develop a
Section 3 plan to assure that economic opportunities to the greatest extent feasible are provided tp low and very
low-income persons and to qualified Sections 3 businesses.
A Section 3 Project:
Section 3 project 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. The threshold is $100,000 where the
assistance is from the Lead Hazard Control and Healthy Homes programs. The project is the site of sites
together with any buildings and improvements located on the sites that are under common ownership,
management and financing.
What are Labor Hours?
The number of paid hours worked by persons on the project or by persons employed with funds that include
public housing financial assistance (sample employee monthly tracker, included in packet).
Marshall Courts Phase VH Demolition
IFB#MCP7D-09-24 ATTACHMENT “J”
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