Federal Requirements For Construction Contracts (Page 22 of 35) in pdf

Federal Requirements For Construction Contracts Page 22

POLICY WITH RESPECT TO PROVISION

OF ECONOMIC OPPORTUNITIES

FOR LOW INCOME PERSONS

It is the policy of ACDS to ensure that economic opportunities generated by HUD financial

assistance shall, to the greatest extent feasible, and consistent with existing federal, State, and

local laws, be directed to low income persons who reside in the Baltimore Metropolitan Area,

with priority for Anne Arundel County residents.

Economic opportunities include training, employment, contracting or subcontracting, and

purchasing. Applying the policy means attempting to hire low and very low income persons and

contract with or purchase from firms which are owned by or which utilize low income persons.

Low income person means a person who comes from a household where the family income does

not exceed 80 percent of the median family income for the metropolitan statistical area, with

adjustments based on family size as outlined below. A low income business is where the

business is 51 percent owned by a low income person; or a business that employs low income

persons for at least 30 percent of its full time workforce; or a business that utilizes low income

businesses for at least 25 percent of the dollar value of all its subcontracts.

To monitor success in meeting the objectives of the policy, ACDS requires submittal of the

Report on Provision of Economic Opportunities for Low Income Persons at the end of the

project, along with the final invoice.

80 PERCENT OF MEDIAN FAMILY INCOME BY FAMILY SIZE FOR THE

BALTIMORE METROPOLITAN STATISTICAL AREA

(May 2007)

Family Size

Annual Income

1 Person

$41,300

2 Persons

$47,200

3 Persons

$53,100

4 Persons

$59,000

5 Persons

$63,700

6 Persons

$68,450

7 Persons

$73,150

8 Persons

$77,900

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Federal Requirements For Construction Contracts Page 22