Section 3 New Rule 2021.pdf

The document outlines the Section 3 program, which aims to provide economic opportunities to low- and very low-income individuals and businesses that support these individuals. It defines Section 3 businesses as those owned by low-income persons or employing a majority of low-income workers. Section 3 workers are residents meeting income criteria, employed by Section 3 businesses, or participating in programs like YouthBuild. The revised rule emphasizes tracking labor hours over new hires and aims to promote sustained employment and career development. The program is not just a requirement but a path towards economic uplift and self-sufficiency. Targeted Section 3 workers include those employed by Section 3 businesses and individuals with specific housing backgrounds. The Opportunity Portal helps match workers to opportunities, and the Business Registry lists certified Section 3 businesses. New performance benchmarks for Section 3 are still being developed by HUD.