AFL-CIO Housing Investment Trust on its Way to Creating 10,000 Building Trades Jobs

The AFL-CIO Housing Investment Trust is doing its part to help in the recovery. So far this year, the HIT has committed more than $395 million for new projects representing more than 3,900 union building trades jobs. Together with previous investments, the number of jobs created through investments by the HIT has passed 6,000 since 2009, and continues to grow.

America’s working men and women continue to suffer through the worst economic downturn in a generation. But, there are some bright spots on the horizon. The Department of Labor has recently stated that 26 states reported increases in construction employment for the month of July. Overall, the value of new construction starts advanced 7% nationwide.

Further, the AFL-CIO Housing Investment Trust is doing its part to help in the recovery. So far this year, the HIT has committed more than $395 million for new projects representing more than 3,900 union building trades jobs. Together with previous investments, the number of jobs created through investments by the HIT has passed 6,000 since 2009, and continues to grow.

The HIT is committed to creating 10,000 union building construction jobs to help ease the pain of this challenging economy for working families and their communities. Unions have a right to expect union-friendly funds like the HIT to join this challenge and create jobs.

Now is the time. And the actions of the HIT, as well as the AFL-CIO Building Investment Trust (whose mission is to provide competitive risk-adjusted returns for its pension plan participants through investments in quality commercial real estate and economic development while creating union jobs for America’s working men and women) are needed now more than ever.

To learn more about the AFL-CIO Housing Investment Trust and the work they are doing to create 10,000 union construction jobs CLICK HERE.

To view a video on the “Ritchie Station” project that was financed through the Building Investment Trust, CLICK HERE.