AFL-CIO Housing Investment Trust
Building America is a subsidiary of the AFL-CIO Housing Investment Trust (HIT), a $6 billion investment company whose investors include union and public employee pension plans. The HIT has nearly 50 years of experience investing in community development. It specializes in mortgage-backed securities that build and rehab affordable housing nationwide. The HIT and Building America have a shared vision of community revitalization. Building America is able to draw on the investment expertise of the HIT, and when appropriate, they sometimes work together in financing development projects such as 225 Centre Street.
The HIT is a leading impact investor that has built its portfolio and its reputation around investing in affordable multifamily housing projects that are insured or guaranteed by a U.S. government agency or a government-sponsored enterprise.