Record Participant Investment

The HIT attracts $410.7 million in total net participant investments, the largest one-year gain in its history.

New Financing Options

Jackson Park TerraceWorking with the Illinois Housing Development Authority, the HIT closes on its first tax-exempt investment, providing financing for the Jackson Park Terrace in Chicago.


HIT HOME Milestone

The HIT's innovative HIT HOME homeownership program becomes available to millions of union members nationwide. By the end of the year, HIT HOME will surpass half a billion dollars in mortgage loans to 5,576 union households.

Preserving Affordable Housing

Seward Park CooperativeThe HIT expands its mission under its New York City Community Investment Initiative with a new program to preserve the affordability of housing at aging developments. This Affordable Housing Preservation Initiative will preserve affordability of more than 6,000 units of middle-income housing in New York City in 2003 in three developments with historic ties to labor.