0001387131-19-007180.txt : 20190926 0001387131-19-007180.hdr.sgml : 20190926 20190926142402 ACCESSION NUMBER: 0001387131-19-007180 CONFORMED SUBMISSION TYPE: 40-24B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190926 DATE AS OF CHANGE: 20190926 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: 191117397 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 ahit-4024b2_092619.htm FILING OF SALES LITERATURE

 

 

“A higher interest return, with maximum degree of safety can be earned [while] providing an effective medium to…create additional employment for the construction trades and meet America’s tremendous unmet housing needs.”

 

AFL-CIO President George Meany, 1964, Letter to AFL-CIO Executive Council, proposing creation of HIT’s predecessor fund

 

The AFL-CIO Housing Investment Trust (HIT) has been guided by this principle since its creation. As a core fixed-income investment fund, the HIT distinguishes itself through its focus on high credit quality multifamily mortgage-backed securities, while providing competitive risk-adjusted returns relative to its benchmark, the Bloomberg Barclays US Aggregate Bond Index (Barclays Aggregate).

 

As a leader in impact investing, the HIT also seeks to generate measurable social impacts. These impacts flow from the HIT’s high credit quality construction-related multifamily MBS. The HIT strives to:

 

Create union construction jobs – union labor is required for all on-site construction work

 

Create and preserve rental housing, particularly affordable and workforce housing

 

Measure the generation of broader economic benefits of these investments for communities.

 

 

Throughout its 35-year history, the HIT has demonstrated that it is possible to achieve competitive fixed-income returns for working people, while improving the nation’s housing stock, fostering community development, and creating good union jobs. This investment philosophy has stood the test of time.