Building America Celebrates Near Completion of Straight & Narrow Project

November 18, 2025

Building America celebrated the near completion of the brand-new Straight & Narrow rehabilitation facility, a state-of-the-art center that will bring hope, healing, and a fresh start to individuals and families in recovery.

AFL-CIO Housing Investment subsidiary, Building America CDE, is proud to support this $32.9 million, union-built project with an $11 million allocation of New Markets Tax Credits.

Receiving the Fr. Norman James O’Connor Award was a humbling and meaningful moment for Building America CEO, Harpreet Peleg, who shared how deeply we value Catholic Charities’ life-changing work across the country.

Congratulations to all the evening’s honorees, including Paul and Anne Krump, Rev. Msgr. John E. Hart, and Rev. Owen B. Moran.

About Building America: Building America CDE, Inc. was established as a subsidiary of the AFL-CIO Housing Investment Trust (HIT) in 2010. The U.S. Treasury Department’s CDFI Fund certified Building America as a Community Development Entity, making it eligible to offer federal New Markets Tax Credits to investors. Building America has been awarded $280 million of these tax credits since 2011. More information is available on Building America’s website, www.buildingamericacde.com.

About the HIT:  The HIT is a fixed-income, investment-grade mutual fund with $7.2 billion in net assets. For 40 years, the HIT has been a leader in putting union and public pension capital to work to produce competitive returns and achieve mission-related collateral objectives. Investors should consider HIT’s investment objectives, risks, and expenses carefully before investing. Investors may view the HIT’s current prospectus, which contains more complete information, on its website at www.aflcio-hit.com and may obtain a copy by calling HIT Investor Relations at 202-331-8055. Investors should read the current prospectus carefully before investing.

 Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and HIT Subsidiary Building America CDE, Inc. project data. The data is current as of March 31, 2025. Economic impact data is in 2024 dollars and all other figures are nominal.