Union Fund Finances First San Francisco Project of $1 Billion Initiative and Aids Local Economy

SAN FRANCISCO -- The AFL-CIO Housing Investment Trust (HIT) today announced the first project under its $1 billion Bay Area Investment Initiative for jobs and affordable housing launched earlier this fall. Officials said the company will provide $19.1 million to help finance the new construction of 96 efficiency apartments for extremely low-income and homeless residents, in San Francisco's South of Market neighborhood.  "The […]