Within each state and county, rent limits vary. Families that cannot afford market value rent are looking for affordable housing. Annually, HUD issues what is known as an Income Limit chart to determine household eligibility for affordable housing. But do you know what other program uses this information? Section 3 uses the Uniform Act Income Limits to qualify workers and businesses. All agencies who receive federal funding are required, every year, to meet Section 3 plan objectives. If you’re not getting your bids accepted, Section 3 could be the reason.
HUD’s Income limits PDF link is below for easy access.
Is your business Section 3 certified? Are you unsure if you can become Section 3 certified? Are at least 30% of your workforce at or below the income limits?
As an example, if you are in Fort Lauderdale the income limits are as shown below:
1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
$40,600 $46,400 $52,200 $58,000 $62,650 $67,300
If you employ a worker who is single, with no dependents, who makes $19.51 an hour or less, they are considered a qualified Section 3 worker.
If you have 15 workers, only 5 of them need to be Section 3 Certified Workers for you to qualify as a Section 3 Certified Business.
Contact us at firstname.lastname@example.org to help answer your questions and get you pointed in the right direction.
If you want to start winning more bids, this could be your answer.