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recipients of HUD housing assistance funds must, to the greatest extent feasible, provide <br />these opportunities to low- and very low- income persons and to businesses owned by or <br />employing low- and very low- income persons. Section 3 applies to projects for which <br />HUD's share of project costs exceeds $200,000 and contracts and subcontracts awarded on <br />projects for which HUD's share or project costs exceeds $200,000 and the contract or <br />subcontract exceeds $100,000, <br />For purposes of this Section 3 Clause and compliance thereto, whenever the <br />word "contractor" is used it shall mean and include, as applicable, the Developer, and its <br />contractor and subcontractor(s), if any. The particular text to be utilized in any and all <br />contracts of any contractor doing work covered by Section 3 shall be in substantially the <br />form of the following, as reasonably determined by the City, or as directed by HUD or its <br />representative, and shall be 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 <br />in 24 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 <br />representative of workers with which the contractor has a collective bargaining agreement <br />or other understanding, if any, a notice advising the labor organization or workers' <br />representative of the contractor's commitments under this Section 3 clause, and will post <br />copies of notices in conspicuous places at the work site where both employees and <br />applicants for training and employment positions can see the notice. The notice shall <br />describe the Section 3 preference, shall set forth minimum number of job titles subject to <br />hire, availability of apprenticeship and training positions, the qualifications for each; and <br />the naive 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 <br />subcontract subject to compliance with regulations in 24 CFR part 135, and agrees to take <br />appropriate action, as provided in an applicable provision of the subcontract or in this <br />Section 3 clause, upon a finding that the subcontractor is in violation of the regulations in <br />24 CFR part 135. The contractor will not subcontract with any subcontractor where the <br />contractor has notice or knowledge that the subcontractor has been found in violation of <br />the regulations in 24 CFR part 135. <br />(e) The contractor will certify that any vacant employment positions, <br />24 <br />The Crossroads at Washington <br />City NSP Loan Agreement <br />