Impact Investing

With a 35-year track record, the HIT is a leader in impact investing. The HIT is committed to putting union capital to work in secure investments that produce competitive returns – its primary objective – at the same time:

The HIT’s investments also:

The HIT uses the widely accepted IMPLAN model* to estimate economic and fiscal impacts.


Cycle of Sustainable Investment


Key Markets

The HIT invests nationwide but a significant number of its investments over its history have been in the following key markets:

BOSTON

CHICAGO

NEW YORK CITY

BAY AREA

ST. LOUIS

TWIN CITIES


Community Investment Initiatives

The HIT has taken a strategic approach to its investment sourcing, often identifying key markets where it intends to focus its investment sourcing activities and have a meaningful impact in particular communities. HIT’s initiatives seek to take advantage of its staff’s demonstrated ability to network with community-based housing groups, labor organizations, developers and sponsors, mortgage bankers, local government officials, and housing finance agencies to generate housing and community development.

The MidWest@Work Investment Strategy

The New York City Housing Investment Strategy

The Massachusetts Housing Initiative

 


Prior HIT Investment Initiatives

Some of the HIT’s past investment initiatives that have provided meaningful community benefits across the U.S. are described below:


* The estimates of jobs and economic and financial impacts were calculated by Pinnacle Economics and the HIT using an IMPLAN input-output model based on HIT project data. The IMPLAN model works by tracing how and where money spent on construction investments circulates through the economy. The data for IMPLAN is collected by the U. S. Department of Commerce, the U.S. Bureau of Labor Statistics, and other federal and state government agencies. Data are collected for 528 distinct producing industry sectors of the national economy corresponding to the Standard Industrial Categories (SICs). IMPLAN is utilized currently by a number of impact managers to quantify their outputs.
** Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America project data. The data is current as of June 30, 2019. Economic impact data is in 2018 dollars and all other figures are nominal.