hud-section-3-new-proposed-rules-all-you-need-to-know

HUD Section 3 New Proposed Rules: All You Need to Know

Live Webinar

  • 60 minutes
  • 26 Days Left
     Dec 12, 2019
  •   01:00 PM - 02:00 PM ET
    10:00 AM - 11:00 AM PT

In early April 2019, HUD proposed long-awaited updates to the 1994 interim Section 3 rule. The purpose of Section 3 is to ensure that when HUD funds are used to assist housing and community development projects, “to the greatest extent feasible” preference for some of the jobs and training opportunities created go to low-income people, particularly those who are recipients of government assistance for housing.

HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.

Join this session by expert speaker Paul Flogstad, where he will explore every details and applicability of the program and how to take maximum benefits of it.

Session Highlights:

  • What are the New proposed rules

  • How are “low income” and “very low income” determined

  • What is a Section 3 “covered project” and “covered assistance”

  • What does the term “Section 3 Resident” and “Section 3 Business Concern” mean

  • Are maintenance projects covered by Section 3

  • How does Section 3 differ from the Minority Business Enterprise/Women Business Enterprise programs

  • Does Section 3 apply to new hiring by a CDBG-Entitlement recipient, new hiring by a Public Housing Authority and other State/Local laws

  • What is the relationship between Section 3 and Davis Bacon requirements

  • And more…

Why You Should Attend:

The goal of Section 3 is to ensure that HUD-funded projects maximize community benefits and economic opportunities for low-income persons and households.  In many respects, HUD Section-3 encourages Employment Opportunities for Low-Income People, funding recipients to document procedures and practices currently used, or to better utilize those currently available, to maximize community benefits and economic opportunities for low-income persons and households. This seminar will explore all of the information and resources available to help you understand this program.

Who Should Attend:

  • Property Managers

  • Property Owners

  • Maintenance Staff

  • Tenant Association Members

  • Realtors

You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Paul Flogstad

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation he was in law enforcement for 4 years. From that point on, he has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training. 

Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development and Tax Credit programs. In this role he supported managers by training, compliance, budgeting, developing policy and procedures as well as creating successful marketing strategies. Previously was a regional manager for a large property management company in South Dakota. 

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management. 

In 2007 he formed Property Management Solutions. In this capacity, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies. 

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

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