Section 3 FAQ
Q

What does “Section 3 Business Concern” mean?

Date Published: July 2021

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A

A Section 3 business concern is a business that meets at least one of the following criteria, documented within the last six-month period:

  1. At least 51 percent owned and controlled by low- or very low-income persons;
  2. Over 75 percent of the labor hours performed for the business over the prior three-month period are performed by Section 3 workers; or
  3. A business at least 51 percent owned and controlled by current public housing residents or residents who currently live in Section 8-assisted housing.

Tags: General

FAQ ID:

3782