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Showing blog posts tagged with Housing Investment Trust

HIT's Boston Investment Means Affordable Housing, Good Jobs

Boston Housing Authority photo

The AFL-CIO Housing Investment Trust (HIT) is investing $33.5 million of union pension capital to construct 129 apartments for low-income households at Old Colony, one of Boston's largest and most distressed public housing properties. The project is expected to generate 340 union construction jobs. It is part of HIT’s National Construction Jobs Initiative and the AFL-CIO’s Green Jobs Initiative.

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Latest HIT Boston Investment Preserves Affordable Housing, Creates Jobs

Franklin Square Apartments. HIT Photo

The AFL-CIO Housing Investment Trust (HIT) will provide $90 million towards rehabilitating and preserving affordability at two 30-year-old the Boston apartment complexes that serve primarily people with disabilities, low-income and senior residents. The project is part of HIT’s National Construction Jobs Initiative and the AFL-CIO’s Green Jobs Initiative. The project is expected to create about 150 union construction jobs for local workers.

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Union Investment Renovates Senior Housing, Creates Green Jobs

The AFL-CIO Housing Investment Trust (HIT) is investing $10 million toward a $14 million project to rehabilitate the Mayfield Manor Apartments in Canton, Ohio, as part of HIT’s national Construction Jobs Initiative and the AFL-CIO’s Green Jobs Initiative. The project will keep 144 units affordable for current residents at the senior citizen facility for 20 years and is expected to create 100 union construction jobs in an area hard-hit by the economic slowdown. Rehabilitation work on the six-story building will be done with 100 percent union labor.

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AFL-CIO Announces Infrastructure Investments

AFL-CIO President Richard Trumka joined AFT President Randi Weingarten at the 2011 Clinton Global Initiative (CGI) Annual Meeting yesterday to announce progress in the labor movement’s commitment to investing in infrastructure, clean energy retrofitting and job training.

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