Wednesday, February 9, 2011

AFL-CIO Housing Investment Trust Fund

Promotes Green Building by Funding LEED-Certified Projects

$660 Million in Green Development Activity, Over 4,000 Union Construction Jobs

WASHINGTON, Feb. 8, 2011 /PRNewswire/ -- The AFL-CIO Housing Investment Trust (HIT) is helping to finance a number of energy-efficient development projects that have received or are on track to receive Leadership in Energy and Environmental Design (LEED) certification for their sustainable energy and construction strategies as well as innovative green design.

"The HIT is proud of its long history of socially responsible investing," said HIT Executive Vice President and Chief Investment Officer Stephanie Wiggins. "Investing in LEED-certified projects that help conserve natural resources while providing healthier places to live and work is just one more way the HIT is making a positive difference in the lives of working people and their communities."

To date, the HIT has provided $274 million of financing for 11 projects that have received or are expected to receive LEED designation. The projects have created 1,653 housing units and approximately 4,100 union construction jobs, while leveraging more than $660 million of development activity for communities in Minnesota, California, New York, and Massachusetts.

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