AFL-CIO Creates Mortgage Investment Trust

MIT CreationThe AFL-CIO Executive Council approves the creation of the Mortgage Investment Trust, forerunner of today's AFL-CIO Housing Investment Trust.



AFL-CIO President Meany Promotes MIT

George MeanyIn a letter to affiliated unions AFL-CIO President George Meany encourages unions to invest in the Mortgage Investment Trust, which he says "will earn a reasonably high interest rate, provide necessary liquidity and, at the same time, will put Labor's funds to a practical and useful social purpose" in the construction of union-built housing.


 

The Great Society

President Lyndon B. Johnson introduces his Great Society, a vision for social and economic reforms that will lead to enactment of landmark civil rights laws, housing programs, a War on Poverty, Medicare and Medicaid, and federal aid to education, among other achievements.

Civil Rights Act

Civil Rights Act of 1964Unions join with other civil rights advocates to win passage of the Civil Rights Act of 1964. The law prohibits discrimination and segregation in public places on the basis of race, color, national origin, or religion. It is the most comprehensive civil rights law in American history, but it does not yet address housing discrimination. This will come later in 1968 civil rights legislation.