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HIT Appoints New Members to the Board of Trustees

2/13/2018

The AFL-CIO Housing Investment Trust (HIT) announced the elections of six new members to the board of trustees. Helen R. Kanovsky has been named the new chair of the HIT Board of Trustees. Ms. Kanovsky is a General Counsel for the Mortgage Bankers Association and former General Counsel at the U.S. Department of Housing and Urban Development. The HIT Board of Trustees will also be joined by Kenneth W. Cooper, the International Secretary-Treasurer of the International Brotherhood of Electrical Workers; David B. Durkee, the International President of the Bakery, Confectionery, Tobacco Workers & Grain Millers Union; Bridget Gainer, the Commissioner of the Cook County Board and Vice President of Global Public Affairs for Aon; Deidre L. Schmidt, the President & CEO of CommonBond Communities; and William C. Thompson, Jr., Senior Managing Director and Chief Administrative Officer, of Siebert Cisneros Shank & Co., LLC and former New York City Comptroller.

Steve Coyle, HIT’s CEO, applauded Ms. Kanovsky’s election, saying, “Helen’s deep experience working in all aspects of housing finance is unique and will be a great asset to the HIT. Helen will champion our mission of rebuilding communities and creating quality jobs for their residents while ensuring best in class stewardship of investor capital.”

These new members will join a seasoned and experienced board of trustees which includes Richard Trumka, President of the AFL-CIO; the Honorable Jack Quinn, Jr., Senior Advisor at Barclay Damon; Liz Shuler, Secretary-Treasurer of the AFL-CIO; Sean McGarvey, President of North America's Building Trades Unions; Marlyn Spear, Director for the Baird Funds, Inc.; Tony Stanley, Director at Transcon Builders; Vincent Alvarez, President of the New York City Central Labor Council; James Boland, President of the International Union of Bricklayers and Allied Craftworkers; and Kenneth E. Rigmaiden, General President of the International Union of Painters and Allied Trades. The HIT Board of Trustees will continue to oversee initiatives and projects creating quality union jobs and affordable housing for America’s working families.

The HIT Board also honored Richard Ravitch, the outgoing Board Chair, who is ending his 25 years of service on the Board. Mr. Ravitch was named Chairman Emeritus for his many contributions to the HIT, including 20 years as chair.