If you are considering starting a business to take advantage of the opportunities presented by the redevelopment construction project in your community, you may be wondering whether your business qualifies for HUD Section 3. The good news is that a wide range of businesses can qualify for Section 3 opportunities, and there is a strong emphasis on supporting businesses owned by or that employ low- and very-low-income persons, particularly those in the community where the project is located.
Types of Businesses That Typically Qualify
Most construction, administrative, and professional services businesses will qualify for Section 3 opportunities. These include, but are not limited to:
Construction Services: General contracting, subcontracting (e.g., electrical, plumbing, carpentry), landscaping, and groundskeeping.
Property Maintenance: Janitorial services, building maintenance, and pest control.
Logistics and Supply: Material supply, waste management, and transport services.
Employment and Staffing: Labor staffing, training programs, and project management.
Professional Services: Consulting, compliance advisory, and architectural services.
Security Services: Site security and surveillance system installation.
Food and Catering: Catering services and food trucks serving the construction workforce.
Environmental Services: Environmental remediation and energy efficiency consulting.