Investing In Communities
The Union Way

“A higher interest return, with maximum degree of safety can be earned [while] providing an effective medium to…create additional employment for the construction trades and meet America’s tremendous unmet housing needs.”

AFL-CIO President George Meany, 1964, Letter to AFL-CIO Executive Council, proposing creation of HIT’s predecessor fund

The AFL-CIO Housing Investment Trust (HIT) has been guided by this principle since its creation. As a core fixed-income investment fund, the HIT distinguishes itself through its focus on high credit quality multifamily mortgage-backed securities, while providing competitive risk-adjusted returns relative to its benchmark, the Bloomberg Barclays US Aggregate Bond Index (Barclays Aggregate).

 

As a leader in impact investing, the HIT also seeks to generate measurable social impacts. These impacts flow from the HIT’s high credit quality construction-related multifamily MBS. The HIT strives to:

 

Throughout its 35-year history, the HIT has demonstrated that it is possible to achieve competitive fixed-income returns for working people, while improving the nation’s housing stock, fostering community development, and creating good union jobs.  This investment philosophy has stood the test of time.

Economic Impact Data: Job and economic benefits in this document are estimates calculated by Pinnacle Economics and the HIT using an IMPLAN input-output model based on project data from the HIT and its subsidiary Building America. In 2018 dollars, as of June 30, 2019.