[Code of Federal Regulations]
[Title 24, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR135.1]

[Page 690]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
    CHAPTER I--OFFICE OF ASSISTANT SECRETARY FOR EQUAL OPPORTUNITY, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 135--ECONOMIC OPPORTUNITIES FOR LOW- AND VERY LOW-INCOME PERSONS--Table of Contents
 
                      Subpart A--General Provisions
 
Sec. 135.1  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.