HUD funded projects at the Paradise View subdivision give preference to
Section 3 businesses and businesses that employ Section 3 workers.
Supporting low income businesses and employees
Moscow Affordable Housing Trust uses multiple funding sources to create affordable housing, one of which is federal funding. Certain federal programs requires MAHT to follow Section 3 guidelines.
“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 economic opportunities to low- and very low-income persons.” ~United States Department of Housing and Urban Development
MAHT strives to have at least 25% of workers or contractors for each of our projects to qualify as Section 3. A company qualifies as Section 3 if 51% or more employees are making below 80% Average Median Income (AMI). In Latah County, the 80% AMI qualifying income in 2022-23 is $42,200/yr or less.
Section 3 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701u), as amended, requires that when new jobs or contracts are created as a result of the usage of certain HUD funds (including Public and Indian Housing funds), priority consideration is given, to the greatest extent feasible, to low- and very low-income persons residing in the community in which the funds are spent and to businesses that provide economic opportunities for these persons.
To learn more about Section 3, please visit the HUD website at https://www.hud.gov/section3. If you have any questions regarding Section 3 status, email us at firstname.lastname@example.org.