The HIT- DVF is a labor-friendly defined contribution bond fund option available to our brothers and sisters in the labor movement. The HIT-DVF offers the exposure to, among other things, the benefits the AFL-CIO Housing Investment Trust (HIT) has been providing defined benefit pension plan investors for over 30 years. HIT investments have created an estimated $26 billion in total economic benefits nationwide, including over $10 billion in personal income; more than 164,000 jobs across industries, with close to 77,500 union construction jobs; and over 105,000 housing units – 66% affordable and workforce housing.*
The HIT-DVF is a Collective Investment Fund sponsored by Hand Benefits & Trust Company (HB&T), a BPAS company. The HIT-DVF is not a mutual fund. Its shares are not deposits of Hand Benefits & Trust Company, a BPAS company, or the HIT, and are not insured by the Federal Deposit Insurance Corporation or any other agency. The HIT DVF is a security which has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Act of 1940. The HIT-DVF is available for investment by eligible qualified retirement plan investors only.
*Job and economic benefit estimates were calculated by Pinnacle Economics and the HIT using an IMPLAN model based on HIT project data and secondary source materials. Impacts include projects financed by HIT subsidiary Building America CDE, Inc. and are in 2016 dollars.
Clicking "Proceed" below will take you to the HIT-DVF website. Please note that HIT-DVF is a separate entity.