HUD Issues Proposed Rule To Make Section 3 More Efficient and Effective

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to improve the effectiveness and efficiency of Section 3 of the Housing and Urban Development Act of 1968. Section 3 requires employment, training, contracting, and other economic opportunities generated by certain HUD financial assistance to be directed to the greatest extent feasible to low- and very low-income persons, especially recipients of government assistance for housing, and to businesses that provide economic opportunities to low- and very low-income persons. See the proposed rule here.