Posts Tagged ‘HIT’

Feb
2016
19

HIT Will Build Its 1,000th Housing Unit in St. Paul Following $27 Million Union Pension Investment

HIT Will Build Its 1,000th Housing Unit in St. Paul Following $27 Million Union Pension Investment
  The AFL-CIO Housing Investment Trust (HIT) has announced a $27.7 million investment in a St. Paul, Minnesota development called 333 on the Park. The project will transform an aging eight-story office building into 134 market rate units.  The investment will create 190 union construction jobs as well as 435 total jobs among various business...
Dec
2015
17

$300M in Union Pension Investments Set to Boost Affordable Housing in NY Area

  The AFL-CIO Housing Investment Trust (HIT) has announced a partnership with the Building and Construction Trades Council of Greater New York, the New York City Central Labor Council, and a coalition of unions, churches, and developers known as the United Clergy Task Force (UCTF) to invest $300 million in affordable housing, community...
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Jul
2015
8

AFL-CIO Puts 25,000,000 Union Pension Dollars to Work for Low-Income Tenants in OR

AFL-CIO Puts 25,000,000 Union Pension Dollars to Work for Low-Income Tenants in OR
  In Portland, Oregon, an age-restricted housing complex for lower income individuals will be modernized thanks to an investment from the AFL-CIO’s Housing Investment Trust (HIT).  HIT announced $25.9 million of union and public pension funds would be going into the rehabilitation of the Westmoreland Union Manor so that all of it’s...
Apr
2014
2

Union Investment Bringing Hundreds of Jobs, Affordable Housing to Minneapolis

Union Investment Bringing Hundreds of Jobs, Affordable Housing to Minneapolis
  The AFL-CIO’s Housing Investment Trust (HIT) has announced that it will provide $33 million in pension capital to fund the construction of Five 15 on the Park, a 259-unit apartment complex.  Of those units, nearly half will be ‘affordable housing’ with the remainder being rented at market rate.   Five 15 on the Park...
Mar
2014
14

$58 Million More Union Pension Dollars Invested in SF Housing Construction

  The AFL-CIO’s Housing Investment Trust (HIT) has announced a $58 million commitment to the 101 Polk development in San Francisco.  Construction of the $82.8 million multi-family development in the city’s Central Market neighborhood is expected to create 350 union construction jobs.  Upon completion, the thirteen-story building...
Dec
2013
19

Union Investment Trust Celebrates 40th Chicago Project with Low-Income Housing Construction

Union Investment Trust Celebrates 40th Chicago Project with Low-Income Housing Construction
  The AFL-CIO’s Housing Investment Trust (HIT) has announced that it will provide $2.6 million in financing for the $22 million expansion of Montclare Senior Residences in Chicago’s South Side.  This phase of the project will create 150 jobs for union construction workers.   Over the past 40 years, HIT has invested $400 million in...
Aug
2013
28

Latest AFL-CIO Housing Investment Trust Project to Supply $32M, Create Union Jobs and Affordable Housing for the Elderly

Latest AFL-CIO Housing Investment Trust Project to Supply $32M, Create Union Jobs and Affordable Housing for the Elderly
  A major rehabilitation project of the 2101 Michigan Building in Chicago’s South Loop neighborhood will receive backing from the AFL-CIO’s Housing Investment Trust (HIT) and create 245 union construction jobs.  The 26-story, 250-unit residence will undergo a $42 million makeover, $32 million of which will be derived from HIT...
Dec
2011
20

Unions Lead Effort to Turn a West Virginia County Around

Unions Lead Effort to Turn a West Virginia County Around
The American Federation of Teachers (AFT), known mostly for their transformative work in urban areas, is bringing hope to those in Appalachia who have seen devastating heartache over the past decade as the coal industry that once stimulated their economies has failed to provide like it once could. In places like McDowell County, the southernmost...