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10.5 Compliance with Section 3 Clause. Section 3 of the Housing and Urban <br />Development act of 1968, 12 U.S.C. 1701u, as amended by Section 915 of the Housing and <br />Community Development Act of 1992 requires that economic opportunities generated by HUD <br />financial assistance for housing and community development programs be targeted toward low- <br />and very low- income persons. Whenever HUD assistance generates opportunities for <br />employment or contracting, state and local grantees, as well as other recipients of HUD housing <br />assistance funds must, to the greatest extent feasible, provide these opportunities to low- and <br />very low- income persons and to businesses owned by or employing low- and very low- income <br />persons. Section 3 applies to projects for which HUD's share of project costs exceeds $200,000 <br />and contracts and subcontracts awarded on projects for which HUD's share or project costs <br />exceeds $200,000 and the contract or subcontract exceeds $100,000. <br />For purposes of this Section 3 Clause and compliance thereto, whenever the word <br />"contractor" is used it shall mean and include, as applicable, the Vista Del Rio, and its contractor <br />and subcontractor(s), if any. The particular text to be utilized in any and all contracts of any <br />contractor doing work covered by Section 3 shall be in substantially the form of the following, as <br />reasonably determined by the Agency, or as directed by HUD or its representative, and shall be <br />executed by the applicable contractor under penalty of perjury: <br />"(a) The work to be performed under this contract is subject to the <br />requirements of Section 3 of the Housing and Urban Development Act of 1968, as <br />amended, 12 U.S.C. 1701u ("Section 3"). The purpose of Section 3 is to ensure that <br />employment and other economic opportunities generated by HUD assistance or HUD- <br />assisted projects covered by Section 3, shall, to the greatest extent feasible, be directed to <br />low-and very low-income persons [inclusive of Very Low Income Persons, Very Low <br />Income Households, and Very Low Income Tenants served by the Project], particularly <br />persons who are recipients of HUD assistance for housing. <br />(b) The parties to this contract agree to comply with HUD's regulations in 24 <br />CFR part 135, which implement Section 3. As evidenced by their execution of this <br />contract, the parties to this contract certify that they are under no contractual or other <br />impediment that would prevent them from complying with the part 135 regulations. <br />(c) The contractor agrees to send to each labor organization or representative <br />of workers with which the contractor has a collective bargaining agreement or other <br />understanding, if any, a notice advising the labor organization or workers' representative <br />of the contractor's commitments under this Section 3 clause, and will post copies of <br />notices in conspicuous places at the work site where both employees and applicants for <br />training and employment positions can see the notice. The notice shall describe the <br />Section 3 preference, shall set forth minimum number of job titles subject to hire, <br />availability of apprenticeship and training positions, the qualifications for each; and the <br />name and location of person(s) taking applications for each of the position; and the <br />anticipated date the work shall begin. <br />(d) The contractor agrees to include this Section 3 clause in every subcontract <br />subject to compliance with regulations in 24 CFR part 135, and agrees to take appropriate <br />22 <br />80A-98 <br />