housing trust promotes green building
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
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.
•Arc Light Co., San Francisco, California: The developer of this
$48 million project in San Francisco’s South Beach community
is seeking LEED Gold certification for the 94-unit complex. The
HIT committed $32.5 million last year for the project, which
involves the conversion of a historic commercial building into
an innovative multifamily development.
•Elizabeth Seton Pediatric Center, Yonkers, New York: Designed
to be a LEED-certified facility, the new $116 million Elizabeth
Seton Pediatric Center is currently under construction just outside
of New York City. Last year the HIT committed $100 million in
financing for the project that will feature a 137-bed in-patient
center and on-site school for medically fragile children.
•Maverick Landing, Boston, Massachusetts: This HOPE VI project
in East Boston achieved LEED certification following major redevelopment
work that transformed the distressed public housing property
into a quality affordable housing resource for the community.
The HIT provided over $2 million in 2005 to help finance the
$29 million third phase of the project, replacing old and deteriorated
housing with 92 new rental units. Maverick Landing was the 2009
winner of the I. Donald Terner Prize, which recognizes successful
and innovative affordable housing projects. The award credits
Maverick Landing with being “Massachusetts’s first green, affordable
multifamily housing development, adhering to healthy homes principles
and achieving LEED certification.”
•Excelsior & Grand, St. Louis Park, Minnesota: The Excelsior & Grand
mixed-use community just outside Minneapolis was awarded the
nation’s first “LEED for Neighborhood Development” certification.
The HIT provided $55.5 million in 2001 for the $61.7 million
The LEED certification program is a nationally recognized benchmark
for measuring the design, construction, and operation of high-performance
green buildings. It was developed by the United States Green
Building Counsel to encourage adoption of sustainable green building
and development practices in the United States and around the