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HIT Hosts Roundtable Discussion on Buffalo’s Community Development and Workforce Development Needs

5/31/2017

Buffalo, NY - On May 12th, Jack Quinn, Vice Chairman of the AFL-CIO Housing Investment Trust’s Board of Trustees (HIT), hosted a roundtable discussion at Erie Community College focusing on Buffalo’s economic development opportunities as well as pathways to careers in the skilled trades for young people in the region. Mr. Quinn, who serves as President of Erie Community College, and Congressman Brian Higgins both gave remarks at the event, which was attended by more than three dozen leaders from the Buffalo area development community.

The HIT is committed to participating in Buffalo’s economic development as part of its MidWest@Work Strategy. Previously, in 2010, Building America Inc., a HIT affiliate, provided $9.2 million in New Markets Tax Credits towards the $46.3 million Clinical Sciences Center at Buffalo’s Roswell Park Cancer Institute.

During the discussion, Ted Chandler, Chief Operating Officer of the HIT and Managing Director of the HIT’s MidWest@Work Investment Strategy, fielded questions about the HIT’s ability to customize financing and create value for Buffalo area developers and municipal partners. "We are proud of Building America's investment in Roswell Park Cancer Institute,” said Mr. Chandler. “This Roundtable is an important next step in the HIT learning the priorities of the Buffalo development community and using our investment capabilities to help fill the void, create jobs and increase economic development and affordable housing.” Dan Pedrotty, Director of Capital Strategies with North America’s Building Trades Unions (NABTU), gave the group an overview of what the Building Trades are doing at a national level to support workforce development in communities around the country. NABTU’s investment of $1.3 billion into national training programs now makes them the 5th largest provider of post-secondary education in the United States.

“This [roundtable] was a tremendous opportunity to get proven leaders at the same table and discuss how we can continue our community’s surge forward,” summarized Mr. Quinn. “We appreciate the AFL-CIO Housing Investment Trust’s role in this momentum, and we all look forward to addressing vital workforce development needs essential to the economic diversity and development of Western New York.”


*For more on the roundtable, please see the press release on Congressman Brian Higgins’s webpage.