In San Francisco, the AFL-CIO Housing Investment Trust (HIT) recently celebrated the progress of one of its construction projects by hosting a lunch for all of the union workers on this $82.8 million job. The project, 101 Polk, is a 13-story mixed-income rental development in the city’s Central Market Neighborhood. It is a 100 percent union job putting nearly 500 Building Trades members to work.
HIT is an investment company that manages assets from union (including the IUPAT) and public employee pension plans. One of its primary missions in making construction investments is to generate jobs for union members on their projects. Since its inception, the HIT has invested $8.5 billion dollars in projects and generated 74,000 union jobs.