There is a plethora of publicly funded work opportunities for contractors with the U.S. Department of Housing and Urban Development (HUD). Section 3 is one in which contractors can pursue lucrative government contracts. Section 3 was designed to ensure the economic development, improvement, and self-sufficiency of communities and individuals. Its mission is to provide job training, employment, and contract opportunities to low-income residents in the communities they serve.
The Importance of a HUD Section 3 Attorney in Tampa
Adhering to federal regulations can be challenging. You need someone on your side to help you simplify the process. Like other federal programs, compliance with Section 3 is of the utmost importance, and funding recipients “must, to the greatest extent feasible, adhere to” Section 3 regulations. Small businesses with limited resources or a limited understanding of HUD contracts can ensure they meet compliance with the help of a HUD Section 3 attorney in Tampa. HUD attorneys are intimately familiar with HUD compliance requirements and will keep you abreast of proposed regulatory changes, ensure that you meet Section 3 contract thresholds, and additional paperwork requirements.
Are You a Section 3 Business?
Section 3 businesses are eligible for HUD-funded contracts and are listed in the Section 3 Business Registry database. Recipient agencies can access the database and contact your business with bid solicitations at their discretion. To be classified as a Section 3 business, you must meet one of the following criteria:
- Owned by 51 percent or more of Section 3 residents
- At least 30 percent of its employees are Section 3 residents
- An evidenced-backed commitment to subcontract 25 percent or more of the total dollar amount of all subcontracts to Section 3 businesses.
An Attorney Can Help You Maintain Compliance With Section 3 Contracts
HUD monitors the performance of both recipient agencies and contractors. Therefore, compliance with 24 CFR Part 135 – Section 3 Regulations and understanding Section 3 business concerns, compliance, reporting, and other pertinent requirements is crucial. Keeping accurate employment and contract records and documentation is also vital for annual reporting.
Repercussions for Noncompliance
Complaints can be filed against those believed to be in violation of Section 3 requirements. HUD will investigate the complaint and seek resolution or require an administrative hearing. Noncompliance with Section 3 could negatively affect your ability to secure future HUD contracts.
If you would like to speak with a reputable HUD Section 3 compliance attorney in Tampa, please submit our contact request form.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.