AFL-CIO Housing Investment Trust

Overview

The AFL-CIO Housing Investment Trust (HIT) is a fixed-income investment company registered with the Securities and Exchange Commission. It manages assets for union and public employee pension plans and labor organizations, investing primarily in government and agency-insured multifamily mortgage-backed securities. The HIT is recognized as one of the earliest practitioners of socially responsible impact investing, with a track record of over 35 years demonstrating the added value derived from union-friendly investments. The HIT's investment objective is to provide competitive returns for its investors while promoting the construction of affordable housing and generating employment for union members in the construction trades and related industries. Since its inception, the HIT has invested over $8.5 billion to finance more than 99,000 units of housing nationwide, generating more than 74,000 union construction jobs. Through its investments, the HIT has played a significant role in revitalizing communities and supporting economic development. For example, in San Francisco, the HIT has invested $281 million, representing over $505 million in total development, creating approximately 6,860 total jobs, including 3,450 union construction jobs, and generating nearly $1.1 billion in economic activity. These projects have also created 1,660 housing units, contributing to the city's affordable housing supply. The HIT's commitment to socially responsible investing and its focus on union labor have made it a leader in impact investing, demonstrating that financial returns and social responsibility can go hand in hand. Its ongoing efforts continue to support the development of affordable housing and the creation of union jobs across the United States.

Investment Focus

• Union labor
• Socially responsible projects
• Affordable housing focus

Portfolio Companies