Housing and Urban Development Department
The Section 3 rule "Enhancing and Streamlining the Implementation of Section 3 Requirements for Creating Economic Opportunities for Low- and Very Low-Income Persons and Eligible Businesses" published in the Federal Register on September 29, 2020, includes a requirement that the HUD Secretary update Section 3 project thresholds "not less than once every 5 years based on a national construction cost inflation factor through Federal Register notice not subject to public comment." This notice serves as an update of the 2020 version of the final rule, discusses the establishment of a national construction cost inflation factor for Section 3 projects, and establishes new Section 3 project thresholds.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Housing and Urban Development 24 CFR Part 75 [Docket No. FR-6085-N-05] AGENCY: Office of the Assistant Deputy Secretary for Field Policy and Management, HUD. ACTION: Notification of Section 3 Project Funding Threshold Updates. SUMMARY: The Section 3 rule “Enhancing and Streamlining the Implementation of Section 3 Requirements for Creating Economic Opportunities for Low- and Very Low-Income Persons and Eligible Businesses” published in the Federal Register on September 29, 2020, includes a requirement that the HUD Secretary update Section 3 project thresholds “not less than once every 5 years based on a national construction cost inflation factor through Federal Register notice not subject to public comment.” This notice serves as an update of the 2020 version of the final rule, discusses the establishment of a national construction cost inflation factor for Section 3 projects, and ( printed page 6753) establishes new Section 3 project thresholds. DATES: Effective Date: March 16, 2026. FOR FURTHER INFORMATION CONTACT: Ashley E. Mendoza, Director of Strategic Initiatives, Office of Field Policy and Management, Department of Housing and Urban Development, 451 7th Street SW, Room 7118-21, Washington, DC 20410; telephone 202-372-8530 (this is not a toll-free number). General email inquiries regarding Section 3 may be sent to: OfficeofFieldPolicyandManagement@hud.gov . HUD welcomes and is prepared to receive calls from individuals who are deaf …
Citation: 91 FR 6752
