12 USC 1701u - Economic opportunities for low- and very low-income persons

U.S Code last checked for updates: May 06, 2024

§ 1701u.

Economic opportunities for low- and very low-income persons

(a)

Findings

The Congress finds that—

(1)

Federal housing and community development programs provide State and local governments and other recipients of Federal financial assistance with substantial funds for projects and activities that produce significant employment and other economic opportunities;

(2)

low- and very low-income persons, especially recipients of government assistance for housing, often have restricted access to employment and other economic opportunities;

(3)

the employment and other economic opportunities generated by projects and activities that receive Federal housing and community development assistance offer an effective means of empowering low- and very low-income persons, particularly persons who are recipients of government assistance for housing; and

(4)

prior Federal efforts to direct employment and other economic opportunities generated by Federal housing and community development programs to low- and very low-income persons have not been fully effective and should be intensified.

(b)

Policy

(c)

Employment

(1)

Public and Indian housing program

(A)

In general

(B)

Priority

The efforts required under subparagraph (A) shall be directed in the following order of priority:

(i)

To residents of the housing developments for which the assistance is expended.

(ii)

To residents of other developments managed by the public or Indian housing agency that is expending the assistance.

(iii)

To participants in YouthBuild programs receiving assistance under section 3226 of title 29.

(iv)

To other low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the assistance is expended.

(2)

Other programs

(A)

In general

(B)

Priority

(d)

Contracting

(1)

Public and Indian housing program

(A)

In general

(B)

Priority

The efforts required under subparagraph (A) shall be directed in the following order of priority:

(i)

To business concerns that provide economic opportunities for residents of the housing development for which the assistance is provided.

(ii)

To business concerns that provide economic opportunities for residents of other housing developments operated by the public and Indian housing agency that is providing the assistance.

(iii)

To YouthBuild programs receiving assistance under section 3226 of title 29.

(iv)

To business concerns that provide economic opportunities for low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the assistance is provided.

(2)

Other programs

(A)

In general

(B)

Priority

(e)

Definitions

For the purposes of this section the following definitions shall apply:

(1)

Low- and very low-income persons

(2)

Business concern that provides economic opportunities

The term “a business concern that provides economic opportunities” means a business concern that—

(A)

provides economic opportunities for a class of persons that has a majority controlling interest in the business;

(B)

employs a substantial number of such persons; or

(C)

meets such other criteria as the Secretary may establish.

(f)

Coordination with other Federal agencies

(g)

Regulations

(Pub. L. 90–448, § 3, Aug. 1, 1968, 82 Stat. 476; Pub. L. 91–152, title IV, § 404, Dec. 24, 1969, 83 Stat. 395; Pub. L. 93–383, title I, § 118, Aug. 22, 1974, 88 Stat. 653; Pub. L. 96–399, title III, § 329, Oct. 8, 1980, 94 Stat. 1651; Pub. L. 102–550, title IX, § 915, Oct. 28, 1992, 106 Stat. 3878; Pub. L. 109–281, § 2(d)(1), Sept. 22, 2006, 120 Stat. 1181; Pub. L. 113–128, title V, § 512(p), July 22, 2014, 128 Stat. 1711.)

cite as: 12 USC 1701u