The AFL-CIO Housing Investment Trust is a fixed-income investment company registered with the Securities and Exchange Commission, with approximately 350 investors and $3.9 billion in assets. The HIT invests primarily in government and agency insured and guaranteed multifamily mortgage-backed securities. The HIT is one of the earliest and most successful practitioners of socially responsible, economically targeted investing, with a record that demonstrates the added value derived from union-friendly investments.
The investment objective of the HIT is to provide competitive returns for its investors and to promote collateral objectives such as the construction of affordable housing and the generation of employment for union members in the construction trades and related industries. Since its inception, the HIT has invested $6 billion to finance over 97,000 units of housing nationwide, generating more than 66,000union jobs.
