The Nation’s Premiere Entrepreneurship Hub for underserved entrepreneurs, micro-enterprises and small business owners.
The Resident Owned Business Incubator (ROBI), exists to strengthen communities and help create local jobs by investing in underserved and under-resourced small business owners and entrepreneurs through capital, capacity-building education and networks of support. The goals of the ROBI program are to develop and adequately match qualified businesses with the contractors and or subcontractors that must meet federal Section 3 and First Source numerical quotas.
ROBI Program provides DC’s first-generation, under-resourced entrepreneurs, a full year of support which includes 15-weeks of intense classroom training, business planning and coaching, as well as marketing tools, networking opportunities, seed investment, and affordable shared office space at BAU Works. BAU Works is located on the BAU Washington DC campus (1510 H Street, NW) right next door to the White House.
The ROBICONNECT platforms unifies these efforts and allows ROBI to showcase their new graduates and the businesses they have birthed. Under-resourced entrepreneurs interested in the ROBI entrepreneurial training program should visit www.canilive.org/robi for details.
WHAT IS SECTION 3?
It is a means by which HUD fosters local economic development, neighborhood economic improvement, and individual self-sufficiency. Section 3 is the legal basis for providing jobs for residents and awarding contracts to businesses in areas receiving certain types of HUD financial assistance. Under Section 3 of the HUD Act of 1968, wherever HUD financial assistance is expended for housing or community development, to the greatest extent feasible, economic opportunities will be given to Section 3 residents and businesses in that area.
Congress established the Section 3 policy to guarantee that the employment and other economic opportunities created by Federal financial assistance for housing and community development programs should, if possible, be directed toward low- and very-low income persons, particularly those who are recipients of government assistance for housing.
Unfortunately, more than $18.9 billion dollars (40% of HUD’s annual budget) which supports economic opportunities for low-income residents goes unaccounted for yearly. For this purpose, this platform was created. To establish a network of support that will increase contracting, capital and capacity for Section 3 and Resident Owned Businesses.
HUD SECTION 3 ECONOMIC OPPORTUNITIES
(Interactive Footprint$ Coming 2021)
Approximately 40 percent of HUD’s current overall budget or the $18.9 billion that is covered by Section 3 is estimated to bring more than $16 million dollars in weekly wages for Section 3 (low-income) residents (According to the proposed rule Regulatory Impact Analysis-Docket No. FR-4893-P-01). Therefore, increased compliance and greatest extent feasible efforts must be improved.
Our Section 3 interactive footprint will help identify specifically how much funding is triggered by Section 3 and the projects that are required to provide training, employment and contracting opportunities to low-income residents. The purpose of the economic footprint is to being transparency and accountability to the billion of dollars in Section 3 federally regulated projects.
The Section 3 State of Political Will is a convening of Public Housing Executives, City Council Elected Officials, Mayors, County Commissioners, General, and Sub Contractors who are all required to meet the Section 3 federal regulation.
Attendees will learn of the strategy to direct more than $100 Million to Resident Owned Businesses and see them showcase their upcoming Section 3 projects via our Virtual Exhibit Booths. Engage directly with leaders committed to closing the wealth gaps and ensuring economic opportunities are afforded to under-resourced entrepreneurs.
Find projects in your local areas, learn about Section 3 and its power to eliminate poverty nationwide
The Public Housing Relocation Conference is a convening that will bring both Section 3 business concerns that provide services relative to relocation as well as Section 8 Program participants in need of finding housing in other jurisdictions (voucher porting).
This conference is a proactive and deliberate approach in closing the gaps in affordable housing and section 3 contracting opportunities. Residents will first understand how to access housing utilizing their vouchers, things they must know before relocating such as will the new jurisdiction support their self-sufficiency goals, and what entities have the best economic opportunities when it comes to section 3 redevelopment projects.
Our Housing Exhibit Hall will showcase participating agencies, led by progressive leaders who are joining us in the fight to close the wealth gap, increase affordable housing, and increase economic inclusion efforts.
SECTION 3 IS ECONOMIC JUSTICE
We believe that all Americans are created equal and possess inalienable rights to life, liberty, the pursuit of happiness, and justice under the law. Yet the entitlements provided to people living at or below poverty are structured to keep them poor while entitlements offered to wealthier Americans and corporations assist in wealth creation and enhanced prosperity.
With the transition to a new administration, coupled with the current COVID-19 pandemic and the shift to bring about economic justice; were addressing these priorities in partnership with your brand!
Section 3 is the formal name of the federal legislation titled Economic Opportunities for low income persons (24 CFR-135). The law states to the greatest extent feasible, entities that receive HUD financial assistance shall direct training, employment and contracting opportunities to low-income residents specifically those who receive housing assistance. It’s one of the nations best Kept secret! More about the law can be found here: https://files.hudexchange.info/resources/documents/24-Cfr-Part-135-Section-3-Regulations.pdf
The pitch portion of the event is a competition in which recent and past graduates of the Resident Owned Business Incubator also known as ROBI have an opportunity to showcase their new section 3 businesses to respective investors and potential customers. Winners will be awarded cash prizes to invest into their businesses.