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AFL-CIO Investment Program

AFL-CIO Investment Program. presents to. Regional Roundtable On Public Pension Funds and Targeted Investing Federal Reserve Bank of Boston Boston, Massachusetts December 6, 2006. AFL-CIO Investment Program Achievements. 1. AFL-CIO Investment Program. Steady Growth, Strong Performance.

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AFL-CIO Investment Program

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  1. AFL-CIO Investment Program presents to Regional Roundtable On Public Pension Funds and Targeted Investing Federal Reserve Bank of Boston Boston, Massachusetts December 6, 2006

  2. AFL-CIO Investment Program Achievements 1

  3. AFL-CIO Investment Program Steady Growth, Strong Performance $6 Billion BIT TOTAL RETURNS $2.34 Billion BIT $3.63 Billion HIT TOTAL RETURNS HIT 2 Returns as of Sept. 30, 2006, annualized

  4. Our Investors AFL-CIO Housing Investment Trust % of HIT Assets Held Top 10 Investors $ millions 278 107 12 * As of Sept. 30, 2006 3

  5. Our Investors AFL-CIO Building Investment Trust Top 10 Investors $ millions % of BIT Assets Held 121 30 2 * As of Oct. 1, 2006 4

  6. Historical Investments in the Boston Area 5

  7. Rollins Square AFL-CIO Housing Investment Trust A Major Multifamily Development in Boston’s South End Developed by the Planning Office for Urban Affairs and dedicated in 2003. 6

  8. Initiatives Focus on Economic Development andJob Creation in Specific Markets 7

  9. New York City Community Investment Initiative Since January 2002 278 107 8

  10. Union Labor Policies • 106 million hours of union work created over the life of the funds • Currently $2.02 billion in total construction activity underway for both funds • 223 signatory contracts representing 18 trades governing operations of BIT buildings HIT (Debt Instruments) BIT (Equity Instruments) Report Card AFL-CIO Housing Investment Trust (Debt Instruments) On Site Union Construction 100% On Site Union Construction 100% Covered Facilities Union Operation: Office 82% Hotels 100% Groceries 100% Parking 86% Building Operations By Building 92% Total Dollars 72% 9

  11. Gulf Coast Revitalization Program • Path of Destruction: • 200,000 homes destroyed or severely damaged • 500,000 people displaced • Area affected the size of Great Britain 10

  12. Gulf Coast Revitalization Program • Path of Reconstruction: • $250 Million Multifamily Housing • $250 Million Single Family Housing • $100 Million Hospital and Healthcare Finance • $100 Million Economic Development • $200 Million Public/Private Leverage • HIT and BIT Activity Will Create $1 Billion in Investments. 11

  13. Factory Built Housing • Planned unionized facility in New Orleans HousingOpportunity — 1,200 new housing units per year Local Economic Growth Jobs — 150-300 union jobs • A new strategy for high road economic development Training 12

  14. AFL-CIO Investment ProgramHistorical Data 13

  15. “What we are doing reflects the mission of the labor movement. This is what the labor movement is all about.” John SweeneyPresident, AFL-CIONew Orleans, LAJune 14, 2006 AFL-CIO Housing Investment Trust AFL-CIO Building Investment Trust Boston Office Paul Barrett, Regional Marketing Director 655 Summer St. Boston, MA 02210 (617) 261-4444 AFLCIO Housing Investment Trust 1717 K Street, NW, Suite 707 Washington, DC 20036 (202) 331-8055 www.aflcio-hit.com AFL-CIO Building Investment Trust Mercantile-Safe Deposit & Trust Company Trustee Two Hopkins Plaza Baltimore, MD 21201 (410) 237-5504 14

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