Union-Built Affordable Housing Communities Underway in the Windy City
Chicago’s union construction trades have made steady progress at two affordable housing projects financed by the AFL-CIO Housing Investment Trust (“HIT”):…
News
Carville Park Senior Apartments to be Renovated with Union Labor
HIT-Financed Affordable Housing Developments in Minnesota Celebrate Grand Openings
The AFL-CIO Housing Investment Trust (HIT) recently commemorated the grand opening of two HIT-financed, union-built affordable housing communities in Minnesota…
HIT Finances Redevelopment of Curtis Apartments in Worcester, MA
The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $97.5 million initial phase of the redevelopment of Curtis…
Remembering Tony Stanley: A Legacy of Leadership, Family, and Impact
Tony Stanley, a cherished member of the AFL-CIO Housing Investment Trust (HIT) Board of Trustees, passed away on September 9,…
Building America CDE, Inc. Allocates New Market Tax Credits to Straight & Narrow project in Paterson, NJ
AFL-CIO Housing Investment Trust’s subsidiary Building America CDE, Inc. allocated $11 million in New Market Tax Credits (NMTC) to support…
Revitalizing Affordable Housing in Chicago Made Possible by Twinning 9% and 4% LIHTCs
AFL-CIO Housing Investment Trust’s Director of FHA Finance Terrance Pearson was featured in the August issue of Novogradac’s Journal of…
Honoring Board Member George Latimer’s Legacy
On August 18, 2024, former AFL-CIO Housing Investment Trust (HIT) Board Trustee, George Latimer, passed away at his residence in…
HIT Finances Union-Built Affordable Housing in National City, CA
The AFL-CIO Housing Investment Trust (“HIT”) is helping to finance the $85.5 million new construction of Union Tower Apartments in…
HIT Shows Appreciation to Union Workers in Milwaukee
The AFL-CIO Housing Investment Trust (HIT) hosted a worker appreciation lunch to honor the hardworking individuals transforming an underutilized property…
Construction Underway on Union-Built Iconic Chicago Skyscraper
The AFL-CIO Housing Investment Trust (HIT) was honored to take part in the groundbreaking celebration for 400 Lake Shore, the…
AFL-CIO HIT Grieves the Loss of Chief Economist Sondra Albert
The AFL-CIO Housing Investment Trust (HIT) experienced a grave loss when Sondra Albert, HIT’s Chief Economist, passed on May 9,…
The Couture’s Hop L-Line Fully Opens to the Public
Merchants Capital Provides $103 Million+ in Total Financing for the Rehabilitation of Woodlawn, Chicago-based Affordable Property
Building America Allocates New Markets Tax Credits to Revitalize YMCA in Toledo
AFL-CIO Housing Investment Trust’s subsidiary Building America CDE, Inc. allocated $8 million in New Markets Tax Credits (NMTC) to construct…
Related Midwest Announces Construction Starting at 400 Lake Shore, an Iconic Two-Tower Residential Development Located at the Intersection of the Chicago River and Lake Michigan
Woodlawn Celebrates Preservation of Critical Affordable Housing as Construction at Island Terrace Set to Begin
AFL-CIO HIT Mourns the Passing of former CEO Steve Coyle
We are deeply saddened by the passing of our friend and former AFL-CIO Housing Investment Trust (HIT) Chief Executive Officer…
AFL-CIO Housing Investment Trust is Positively Impacting Affordable Housing in Chicago
Over the past six months, the AFL-CIO Housing Investment Trust (HIT) has generated positive impacts on the affordability crisis throughout…
Union Pension Board Puts Its Capital to Work to Help Revitalize a Historic San Francisco Neighborhood
Years ago, the leadership and members of Plumbers Local 38 posed for themselves a bold question. To produce long-term, stable…
Building America CDE, Inc. Receives $40 Million New Markets Tax Credits Allocation from U.S. Treasury
The U.S. Department of the Treasury Community Development Financial Institutions Fund awarded Building America CDE, Inc. (Building America) $40 million…
Rising Couture Represents Milwaukee on the Upswing
AFL-CIO Housing Investment Trust Brings Together Stakeholders to Foster Housing Development and Construction Careers in New Mexico
Earlier this month, the AFL-CIO Housing Investment Trust (HIT) was joined by U.A. Local 412 in hosting the New Mexico…
History, Housing, Jobs and Fashion Come Together in Midtown Detroit
When famed designer Tracy Reese returned in 2019 to her native Detroit from New York, she was on a mission….
Brookfield, G&S Break Ground on Phase 2 of Massive Hudson Exchange Project in Jersey City
Massachusetts’ Leaders and Experts Focus on Affordable Housing Solutions and Construction Careers at Economically Targeted Investments Summit
Governor Maura Healey, Treasurer Deborah Goldberg, new Boston Housing Authority Administrator Kenzie Bok, and North America’s Building Trades Unions President…
Economically Targeted Investments (ETI) Summit: An Action Agenda for Affordable Housing, Construction Careers and Public and Union Pension Investments
Join us to explore how Union pension funds and public investments are paving the way for affordable housing and equitable…
Building America Invests to Transform 100-Year-Old Community Hospital into a Modern Health Campus using Union Labor
AFL-CIO Housing Investment Trust’s subsidiary Building America CDE, Inc. allocated $15 million in New Markets Tax Credits (NMTC) to rehabilitate…
The City of Boston and Union Investment:
A conversation with the CEO of the AFL-CIO HIT
“Cities across our country face an affordability crisis only made worst by the pandemic. In Boston, union capital and union…
Union Financing and Workers Help Preserve and Rehabilitate Housing for San Francisco Homeless
California’s Bay Area region needs more housing for people experiencing homelessness. But in a region with sky-high property values, the…
AFL-CIO HIT Creates Union Jobs and Permanent Supportive Housing in Chicago’s Lincoln Park
The Lincoln Park neighborhood of Chicago exemplifies the perennially complicated notion of “gentrification.” The ebb and flow of the area’s…
AFL-CIO HIT Investments Promote Positive Change in the Midwest
The AFL-CIO Housing Investment Trust (HIT) is pleased to announce its $18.2 million investment in Ladder 260, part of a…
Students Begin a Whole New Era of a Historic Detroit School; Building America Makes an $8 Million Allocation for Total Renovation by Union Workers
An $8 million New Markets Tax Credits (NMTC) allocation by Building America CDE, Inc. (Building America) has brought union participation…
Nevada Ready to Fund Affordable Housing, Charter Schools, Infrastructure Projects
Local Leaders Tackle Dual Demand for Affordable Housing and Construction Careers
How can we strengthen our city and region by better connecting housing to jobs and jobs to housing? That was…
HIT joins Merchants Capital and Merchants Bank of Indiana in Financing “Metro 19 Apartments” TOD in Roselle, IN
Building America CDE’s Investment “Destination Crenshaw” Named “2022 Community Development QLICI of the Year – Metro”
Washington, DC — AFL-CIO Housing Investment Trust’s subsidiary Building America CDE announced its investment in Destination Crenshaw has been nationally…
Portfolio Management Changes
Effective on June 9, 2022, Chang Suh, Chief Executive Officer and Chief Investment Officer, and William K. Pierce, Senior Portfolio…
Union Pension Funds to help Build Affordable Housing at Former Site of Broadway Pizza on Mississippi River
The HIT’s Peregrine Apartments project located in Minnesota is profiled in the May 2022 edition of the Minneapolis Labor Review.
Destination Crenshaw Uses NMTC to Blend Celebration of Black Art, Culture with Economic Drivers
Investment by HIT’s Subsidiary Building America CDE is profiled in Novogradac’s May 2022 Journal of Tax Credits.
Press Release – HIT Revs Up Midwest Financing with Trio of New Projects
HIT’s Midwest@Work Initiative closes in on goal of $2 billion investment well ahead of schedule. Today the AFL-CIO Housing Investment…
AFL-CIO HIT’s $1B Initiative Stays on Course to Invigorate Local Economy
Blighted United Artists Building in Detroit Slated for $75 Million Housing Project
Investors Should Take the S in ESG Investing More Seriously
Innovative Solutions for Affordable Housing Finance
Taking on the challenge: AFL-CIO HIT still tackling the shortage of affordable housing in Minnesota
Press Release – HIT’s $1 Billion, 5-Year Bay Area Initiative is Addressing Critical Economic Issues in the Bay Area
AFL-CIO Housing Investment Trust-financed union construction projects generate competitive returns, new jobs and affordable housing for local workers. The…
Pioneer Press Profiles HIT’s Commitments throughout the Twin Cities
Press Release – HIT Marks 100 Minnesota Projects
Washington, D.C.—October 28, 2021—The AFL-CIO Housing Investment Trust (HIT) announced today it reached the milestone of investing $1.6 billion in…
AFL-CIO Housing Investment Trust Finances Affordable Housing North of Mission
HIT CEO Authors Opinion Piece for HousingWire: “Human Infrastructure” is About Jobs and Housing
Building America CDE, Inc. Receives $55 Million New Markets Tax Credits Allocation from U.S. Treasury
The U.S. Department of the Treasury Community Development Financial Institutions Fund awarded Building America CDE, Inc. (Building America) a $55…
Workforce Social Housing: A New Front in the War Against High Rents?
Social housing — public or nonprofit-managed housing that accommodates a mix of household income ranges — might be a new…
HIT Acknowledges with Sadness the Passing of AFL-CIO President and HIT Trustee Richard Trumka
The AFL-CIO Housing Investment Trust (HIT) is saddened beyond measure by the loss of our dear friend and leader, Richard…
Press Release – AFL-CIO HIT Named a Top 10 Manager with ESG Mandates
Washington, D.C.—July 22, 2021—In its recently released 48th annual survey of the largest institutional money managers in 2020, Pensions &…
YWCA of Central MA shows us their historic $24 million renovation at Salem Square facility
The YWCA of Central Massachusetts is showing us their historic $24 million in renovations at their downtown Worcester Salem Square…
The Bricklayer
The AFL-CIO Housing Investment Trust (HIT), the International Union of Bricklayers and Allied Craftworkers (BAC), the AFL-CIO, and the labor…
Chang Suh Quoted in NHC Annual Report Entitled “Power of Collaboration”
HIT CEO Chang Suh was quoted in the 2020 National Housing Conference’s 2020 annual report, “The Power of Collaboration.” The…
Milwaukee Celebrates Couture Construction, Investment In Community During Ceremonial Groundbreaking
On Wednesday, June 16, Barrett Lo Visionary Development will celebrate the start of The Couture construction with a ceremonial groundbreaking…
Winn Files Letter of Intent for Redevelopment of Mary Ellen McCormack Public Housing
WinnCompanies, an award-winning national multifamily development and management company, has filed a Letter of Intent (LOI) with the Boston Planning and Development…
AFL-CIO Housing Investment Trust Finances Workforce Housing in Chicago’s Illinois Medical District
The AFL-CIO Housing Investment Trust (HIT) will invest $43.5 million toward the development of new workforce rental housing at Gateway…
AFL-CIO HIT Remembers Rod DuChemin
The union movement has lost a good friend and staunch advocate with the passing of Rod DuChemin on May 14,…
Former St. Paul Mayor Chris Coleman is New Chair of AFL-CIO Housing Investment Trust Board of Trustees
Washington, DC –The AFL-CIO Housing Investment Trust (HIT) announced that Chris Coleman presided at his first meeting as new Chair…
Gantry Arranges $80 Million in Financing for Construction of 193-Unit Ventana Residences in San Francisco’s Mission Terrace Neighborhood
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured an $80,000,000 construction loan on behalf of…
Presidio Bay Ventures Receives $120M in Construction Financing for Ventana Residences Multifamily Project in San Francisco
Presidio Bay Ventures has received on $120 million in construction financing for the development of Ventana Residences, an apartment community…
AFL-CIO HIT Mourns the Passing of Labor Leader John Sweeney
The AFL-CIO Housing Investment Trust is greatly saddened by the passing of our long-time colleague and trusted adviser, Board of…
HIT Finances First San Francisco Project of $1 Billion Initiative and Aids Local Economy
San Francisco, CA — The AFL-CIO Housing Investment Trust (HIT) today announced the first project under its $1 billion Bay…
HIT Staff Participate in NCPERS Webinar
On Tuesday October 6th, 2020, HIT CEO and Co-Chief Portfolio Manager Chang Suh, Co-Chief Portfolio Manager Mike Cook and Managing…
HIT Commits $118.6 Million in October to Multifamily Housing Construction
Despite the challenges of the COVID pandemic, the AFL-CIO Housing Investment Trust (HIT) is putting its investors’ funds to work…
MassHousing and the Boston Housing Authority Announce Financing for the Third Phase of the Redevelopment of the Anne M. Lynch Homes at Old Colony in South Boston
MassHousing has closed on a total of $78.8 million in financing to Beacon Communities LLC, to complete the third phase of…
AFL-CIO Housing Investment Trust $1 Billion Initiative for Bay Area Jobs and Rental Housing Amid Economic Fallout of Pandemic
The AFL-CIO Housing Investment Trust (HIT) announced a $1 billion investment initiative intended to create jobs and rental housing for…
The Mark Twain, Affordable Chicago SRO Property, Awarded Enterprise Green Certification
The NHP Foundation (NHPF) is pleased to announce that its affordable SRO property in Chicago, The Mark Twain, has achieved…
Pacific Park Tower Moves to Construction After $460M Loan
Construction is kicking off at the Brodsky Organization’s Pacific Park rental building thanks to a big construction loan.
Work Underway on 76-unit Housing Complex in Mattapan
The site of a long-shuttered Ford dealership on Cummins Highway in Mattapan will soon be filled by apartments and townhomes.
MassHousing Closes on $66.1 Million in Financing for the Third Phase of the Anne M. Lynch Homes in South Boston
MassHousing has closed on $66.1 million in affordable housing financing to affiliates of Beacon Communities LLC, to advance…
Affordable Passive House Community Breaks Ground in NYC
Breaking Ground, a New York-based supportive housing developer, has broken ground on Betances Residence, a 152-unit affordable community for…
AFL-CIO Housing Investment Trust hosts ‘Worker Appreciation Lunch’
The construction site for Elevate at Southwest Station, a mixed-use housing and retail project scheduled to open in early September…
Lupe Development Partners to Break Ground on First Phase of Affordable Housing Project in South Minneapolis
Lupe Development Partners is set to break ground on the first phase of its affordable housing project in the Lyn-Lake…
Project of the Month: HDS Architecture and Wingate Cos. design/develop 95 Saint Alphonsus Street apartments
Located in the Longwood Medical Area, 95 Saint Alphonsus St. will add 115 apartment homes, 15 of which have been…
Metro Building & Construction Trades Council of the Metropolitan District
Building and Construction Trades Council of the Metropolitan District…
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