Investment Milestones Reached

GramercyThe AFL-CIO celebrates the 25th anniversary of its investment program. Since 1965, the HIT and its predecessor have invested $1.4 billion to finance nearly 27,000 housing units and generate 24,500 union construction jobs. HIT total net assets pass $360 million, with 244 participants at year-end.

First Public Sector Investors

The HIT receives its first two investments from public employee pension plans. Public sector participants will become a growing segment of the HIT's investor base over this decade.

Investor Newsletter Launched

Investor NewsletterThe HIT publishes the inaugural issue of its Investor newsletter as part of its effort to keep participants informed about its growing investment activities.

UMWA's Trumka Recognized

United Mine Workers President Richard Trumka is presented with the Labor Responsibility Award from the Martin Luther King Jr. Center for Nonviolent Social Change for his consistent use of non-violent civil disobedience to promote labor's issues and defend workers' rights.

New Law Expands Public-Private Partnerships

Public Private PartnershipsThe Cranston-Gonzalez National Affordable Housing Act expands government-private partnerships to create more affordable housing. The new housing law emphasizes homeownership and tenant-based assistance. It also initiates HOME block grants for housing.

Preserving Low-Income Housing

The Low Income Housing Preservation and Residential Homeownership Act shows a federal commitment to preserving assisted low-income multifamily housing.

Broadening Investment Opportunities

HIT participants approve changes to the HIT's investment authority, allowing more flexibility in working with state and local governments and in working on low-income tax credit projects.