24 CFR 135.1 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 0.1 To Parts 181-199) — Regulations Relating To Housing And Urban Development (§ 100.1 To Parts 181-199) — Office Of Assistant Secretary For Equal Opportunity, Department Of Housing And Urban Development (§ 100.1 To Parts 181-199) — Employment And Business Opportunity (§ 135.1 To Parts 181-199) — Economic Opportunities For Low- And Very Low-Income Persons (§ 135.1 To Appendix To Part 135) — General Provisions (§ 135.1 To § 135.11) — Purpose.

(a) Section 3. The purpose of section 3 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701u) (section 3) is to ensure that employment and other economic opportunities generated by certain HUD financial assistance shall, to the greatest extent feasible, and consistent with existing Federal, State and local laws and regulations, be directed to low- and very low-income persons, particularly those who are recipients of government assistance for housing, and to business concerns which provide economic opportunities to low- and very low-income persons.

(b) Part 135. The purpose of this part is to establish the standards and procedures to be followed to ensure that the objectives of section 3 are met.