Over 40 years of socially responsible investing - putting union capital to work financing housing and creating union jobs nationwide.
HIT Works to Create 15,000 Union Jobs
The HIT has achieved its goal of creating 10,000 union construction jobs by investing in more than 30 projects in 18 cities through its national Construction Jobs Initiative. Now the HIT has raised its goal to 15,000 jobs.
In his quarterly commentary, Chang Suh reports that the HIT outperformed its benchmark for the year ended December 31, 2011, a year of market uncertainty in which many fixed-income investments underperformed.
First project for HIT subsidiary, Building America CDE
Building America CDE, Inc., a wholly owned subsidiary of the HIT, has allocated $10 million in New Markets Tax Credits for the construction of the St. Peter’s College Campus and Community Center in Jersey City, creating over 240 union construction jobs.
For information on the AFL-CIO Housing Investment Trust, please call 202-331-8055 for a free Prospectus. An investor should consider the investment objectives, risks, charges and expenses of an investment carefully before investing. The Prospectus contains this and other information. Read it carefully before investing.