MIT Accepts First Investments

Harry Van Ardale, Jr.The AFL-CIO's Mortgage Investment Trust becomes operational. It is one of the nation's first vehicles enabling labor-management pension funds to participate in pooled mortgage investments. The New York City Central Labor Council, AFL-CIO, under President Harry Van Arsdale, Jr., becomes the first participant in the Mortgage Investment Trust.

HUD Created

HUDThe Housing and Urban Development Act of 1965 establishes the Cabinet-level Department of Housing and Urban Development (HUD). HUD is the successor to the Housing and Home Finance Agency and has a broad charter to address housing and urban concerns.

"APRI" Pushes for Jobs and Justice

Bayard RustinWith support from the AFL-CIO, Bayard Rustin creates the A. Philip Randolph Institute (APRI) to promote racial justice and employment opportunities for all Americans. Rustin is the institute's first director, and A. Philip Randolph, head of the Brotherhood of Sleeping Car Porters, serves as its president.