HIT & BIT Presentation
The South Central Wisconsin Building Trades Council hosted a presentation on the Housing Investment Trust and the Building Investment Trust to City of Madison Alders, and Dane County Board Supervisors.
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 U.S. Aggregate Bond Index (Bloomberg 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
Create and preserve rental housing, particularly affordable and workforce housing
Measure the generation of broader economic benefits of these investments for communities.
Throughout its nearly 40-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.
