-----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, F6sIUljmCWiNdwsmsB0dr2j+O/r16C+1pmyDexipF1s8rcNwbAXooP7i8nWjyhDm AvQRIyRi/HY7o77OAFbU+A== 0001099910-11-000033.txt : 20110215 0001099910-11-000033.hdr.sgml : 20110215 20110215101522 ACCESSION NUMBER: 0001099910-11-000033 CONFORMED SUBMISSION TYPE: 40-24B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110215 DATE AS OF CHANGE: 20110215 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: 40-24B2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-03493 FILM NUMBER: 11612753 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 40-24B2 1 aflcio_40-24b2.htm AFL-CIO HOUSING INVESTMENT TRUST ANNUAL REPORT MESSAGE 40-24B2 aflcio_40-24b2.htm
 
 
 

 
AFL-CIO Housing Investment Trust Annual Report
Message from the AFL-CIO President

The AFL-CIO Housing Investment Trust has much good news to report at a time when working people and their pension plans do not get enough good news.  Through its Construction Jobs Initiative, the HIT is successfully investing union pension capital to earn competitive returns while creating thousands of jobs for our union brothers and sisters.  With the support of HIT investors, these jobs are bringing unemployed union members back to work on construction projects that are stimulating economic growth and creating much-needed affordable housing in communities around the country.

Back in early 2009, in the midst of the recession, we at the AFL-CIO challenged our pension fund managers to do their part to create jobs and help ease the country’s economic pain.  The HIT stepped up to that challenge.  It established its nationwide Construction Jobs Initiative and pledged to create 10,000 union construction jobs by the spring of 2011.

I am proud to report that the HIT is close to achieving that ambitious goal.  By year-end 2010, the HIT’s Construction Jobs Initiative had generated nearly 9,000 union construction jobs on 29 projects in 16 cities.  Proposed projects currently under review should enable the HIT to surpass 10,000 jobs by spring.

For so many of the men and women working on HIT-financed projects, these pension investments offer a lifeline back to a weekly paycheck at a time when construction unemployment is still double the national rate.  One formerly unemployed construction worker said it all when he told the HIT:

“This is a great project.  Lots of guys are back to work.  They are able to feed their families. It’s even putting money back into our pension fund. This is a blessing. . . .”

The HIT and its investors are making pension capital part of the solution to the economic crisis through sound, job-generating investments.  I urge union pension investors to consider increasing your support of the HIT and its responsible investment strategy.


Richard L. Trumka
President, AFL-CIO
 
 
 
 
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