Posts Tagged ‘Housing Investment Trust’

Nov
2016
11

Rust Bet: AFL-CIO Part of $2B Investment in Job-Creating Construction Throughout Midwest

Rust Bet: AFL-CIO Part of $2B Investment in Job-Creating Construction Throughout Midwest
  Unions are spearheading a program to rebuild homes and create jobs across the rustbelt. The $2.1 billion effort, largely funded by the AFL-CIO Housing Investment Trust’s MidWest@Work Investment Strategy, aims to renovate aging neighborhoods and combat disinvestment and unemployment: “The cycle of despair in the urban centers of...
Mar
2016
4

Minneapolis Again the Beneficiary of Massive Union Pension Investment in Affordable Housing

Minneapolis Again the Beneficiary of Massive Union Pension Investment in Affordable Housing
  The AFL-CIO’s Housing Investment Trust (HIT) has announced a $29.8 million union pension fund investment in the renovation of the Seward Towers East and West in Minneapolis.  The 21-story towers reside in one of the city’s older neighborhoods and were built in 1968 and 1970, respectively.  In total, 640 multi-family units will be...
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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...
Nov
2015
30

$30M AFL-CIO Pension Investment Will Renovate Detroit Homes, Boost Union Workers and Apprenticeship

$30M AFL-CIO Pension Investment Will Renovate Detroit Homes, Boost Union Workers and Apprenticeship
  The AFL-CIO Housing Investment Trust (HIT) has announced $30 million of pension fund investment into Detroit’s Neighborhood Home Repair program. The work associated with the investment will employ union workers to renovate up to 300 blighted homes across the city and expand local apprenticeship, thus kickstarting careers for the local...
Oct
2015
20

Stringer, James Back NYC Building Trades Plan to Invest $150 in HIT Funds for Affordable Housing

Stringer, James Back NYC Building Trades Plan to Invest $150 in HIT Funds for Affordable Housing
  New York City Comptroller Scott Stringer and Public Advocate Letitia James came together last week to announce a $150 million investment from the city retirement system into a $1 billion AFL-CIO Housing Investment Trust (HIT) plan to build or renovate up to 20,000 below-market apartments. The projects would be done entirely by union labor....
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...
Jun
2015
19

On Daily Show, Bill Clinton Touts Building Trades, AFT Pension Investments and Greening of Buildings

On Daily Show, Bill Clinton Touts Building Trades, AFT Pension Investments and Greening of Buildings
  Appearing on The Daily Show with Jon Stewart, former President Bill Clinton took some time to talk about the Clinton Global Initiative, specifically noting the success of a Building Trades program which came to fruition following a conversation with AFL-CIO President Richard Trumka.  The program uses union pension funds to create...
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...
Oct
2013
1

AFL-CIO Housing Investment Trust Putting $40M Toward Hospital Expansion, Union Job Creation

  The AFL-CIO’s Housing Investment Trust (HIT) will invest $40 million in union pension capital towards the construction of the Weill Cornell Ambulatory Care Center, part of the New York-Presbyterian Hospital.  The $896 million project will employ 100 percent union labor and create more than 5,200 construction jobs according to a press...