AFL-CIO Housing Investment Trust Promotes Green Building by Funding LEED-Certified Projects

Created: February 9, 2011

The $660 million investment in green development activity has created over 4,000 union construction jobs.

The LEED certification program is a nationally recognized benchmark for measuring the design, construction, and operation of high-performance green buildings. It was developed by the USGBC to encourage adoption of sustainable green building and development practices in the United States and around the world.

About the HIT

The AFL-CIO Housing Investment Trust is a fixed-income investment company registered with the Securities and Exchange Commission. It manages nearly $3.9 billion in assets for approximately 350 investors, which include union and public employee pension plans. The HIT invests primarily in government and agency insured and guaranteed multifamily and single family mortgage-backed securities. The HIT is one of the earliest and most successful practitioners of socially responsible, economically targeted investing, with a 45-year track record that demonstrates the added value derived from union-friendly investments. The investment objective of the HIT is to provide competitive returns for its investors and to promote the collateral objectives of constructing affordable housing and generating employment for union members in the construction trades and related industries. Since its inception, the HIT has invested $6 billion to finance 97,000 units of housing nationwide, generating approximately 66,000 union jobs.