-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C7YElzdkQOSV6tKNPnK7Mow49j1P+J4gf7yjH1x/OqY7st6c4aL6N/eBX59JkoVN RiaoH8nrI0FFMXOMtzVaYA== 0001099910-10-000115.txt : 20100826 0001099910-10-000115.hdr.sgml : 20100826 20100826144015 ACCESSION NUMBER: 0001099910-10-000115 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100826 DATE AS OF CHANGE: 20100826 EFFECTIVENESS DATE: 20100826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFL CIO HOUSING INVESTMENT TRUST CENTRAL INDEX KEY: 0000225030 IRS NUMBER: 526220193 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-59762 FILM NUMBER: 101040290 BUSINESS ADDRESS: STREET 1: 2401 PENNSYLVANIA AVENUE, NW STREET 2: SUITE 200 CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: 2023318055 MAIL ADDRESS: STREET 1: 2401 PENNSYLVANIA AVENUE, NW STREET 2: SUITE 200 CITY: WASHINGTON STATE: DC ZIP: 20037 0000225030 S000009768 AFL CIO HOUSING INVESTMENT TRUST C000026832 AFL CIO HOUSING INVESTMENT TRUST 497 1 aflcio_497.htm AFL-CIO HOUSING INVESTMENT TRUST 497 08-26-2010 aflcio_497.htm
August «Date», 2010
 
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Dear «Salutation» «LastName»:
 
The labor movement can be proud of the accomplishments of the AFL-CIO Housing Investment Trust, especially in these difficult economic times.  It has maintained a strong track record of competitive returns for union pension plans while stepping up to the challenge of keeping union members working and local communities growing.  Today, as seen in the enclosed reports, the HIT is more than halfway to its goal of creating 10,000 union construction jobs through the prudent investment of union pension capital.  As President Rich Trumka has noted in the report, “The HIT’s job-generating investments remain a bright spot on a blighted economic landscape.”  Now, when most other sources of construction financing have been sidelined, the HIT is putting union pension ca pital to work to create jobs and stimulate economic growth.
 
As Chairman of the HIT Board of Trustees and a member of the Board since 1981, I have had the opportunity to participate in the growth of the HIT from a $104 million fund to the $3.8 billion fund it is today. I have seen the HIT achieve remarkable things for the American labor movement and the nation’s communities.  The HIT’s ability to fund job-generating housing projects has never been more important than it is today.  With the national unemployment rate approaching 10%—and more than double that in the construction trades—with jobless claims rising, and with much community development work at a stand-still, investing in the HIT is a sound way to get good people back to work.
 
The HIT is doing its part to support economic recovery, and with your help, we can do more.  The HIT is actively seeking capital that can be invested to achieve competitive fixed-income returns and to expand its support of job-generating projects across the country. Join us in this very important initiative.
 
In solidarity,
 
 
 
John J. Sweeney
Chairman
 
Enclosures

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