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Docusign Envelope ID: E74COCFE-CO64-4OD2-A75B-E1O7999569F8 <br />The City of San Marcos, Texas Section 3 Income Limits — Effective April 18, 2022 <br />Section 3 Business Concern Definition: <br />"Section 3 Business Concern" means a business concern meeting at least one of the following criteria, documented within <br />the last six-month period: <br />• The business is at least 51 percent owned and controlled by low- or very low-income persons; or <br />• The business is at least 51 percent owned and controlled by current public housing residents or residents <br />who currently live in Section 8-assisted housing; or <br />• More than 75 percent of the labor hours performed for the business over the prior three-month period <br />were performed by Section 3 workers. <br />The status of a Section 3 business concern shall not be negatively affected by a prior arrest or conviction of its owner(s) <br />or employees. <br />Eligibility Guidelines: <br />The worker's income must be at or below the amount provided below for an individual (household of 1) regardless of <br />actual household size. <br />Extremely Low Income (30%) <br />$23,200 <br />Very Low Income (50%) <br />$38,650 <br />Low Income (80%) <br />$61,800 <br />Section 3 Worker Definition: <br />• A low or very low-income resident (the worker's income for the previous or annualized calendar year is <br />below the income limit established by HUD); or <br />• Employed by a Section 3 business concern; or <br />• A Youth Build participant. <br />Targeted Section 3 Worker Definition (for housing and community development): <br />A Section 3 Worker who is: <br />• Employed by a Section 3 business concern or <br />• Currently meets or when hired met at least one of the following categories as documented within the past <br />five years: <br />o Living within the service area or the neighborhood of the project, as defined in 24 CFR 75.5 <br />o A Youth Build participant. <br />Last Updated: 12/20/21 Certification Form Four Page 2 of 2 <br />Page 38 of 43 <br />