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HIT’s Ted Chandler a Featured Guest on More Than Money Podcast

Ted Chandler

Ted Chandler, Chief Operating Officer of the AFL-CIO Housing Investment Trust and Managing Director of MidWest@Work, appeared on Episode 12 of Dawn Carpenter’s More Than Money Podcast to discuss the potential impacts of the MidWest@Work Strategy. Ms. Carpenter is an investment banker, Consultant Reviewer for the United States Department of Treasury, and a Practitioner Fellow with Georgetown University’s Kalmanovitz Initiative for Labor and the Working Poor. More than Money, “seeks to understand how we can use our values to inform how we engage with our work and invest our wealth”. The podcast attracts global listeners interested in economics, investment banking, and social activism.

In the interview, Mr. Chandler discussed the HIT’s roots in the Civil Rights movement, its commitment to creating quality jobs, and its expertise in investing in housing in dozens of markets across the country. He also highlighted the HIT’s MidWest@Work Strategy, which is a $1.2 billion initiative focused on making high impact community investments focused on nine cities in the Midwest.

“We are seeing a new demand for several of these cities across the midwest that have suffered significant job losses in the manufacturing industry but are now attractive as affordable places to locate for people and businesses,” said Mr. Chandler. “The industrial midwest has really suffered for 30 years because of a decline in jobs and a lack of flexible financing and financing capital is one of the things that’s held them back. With this new found demand there is a need for capital to come in. We think labor’s capital, represents the social values of the labor movement that a middle class income and benefits should be available to all residents can make a real difference.”

Mr. Chandler also explained the vital role unions play in building thriving American communities.

“We think one of the most important things that we bring is the opportunity for union construction and union participation because so much of what is needed in these communities is a career pathway for the resident. It’s not just about physical environment or getting new buildings built. It’s about a comprehensive economic development strategy that gets people into careers that offer a middle income wage, good benefits, healthcare, retirement, education benefits and that provide a lifelong career not just a one time job.”

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