Our Mission
ARC's mission is to help low income communities access high paying jobs through technical assistance to organizations, individuals, businesses, ventures, and enterprises that are focused on housing, community development, job creation, and education for low income individuals. We create, acquire, invest in, lend to or provide technical assistance to institutions, entities, and/or enterprises that facilitate the accomplishment and achievement of the objectives and mission of the Corporation.
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Affiliates
AFL-CIO Housing Investment Trust
The HIT is a $6 billion fund with a 30-plus year track record as a socially responsible investment fund focused on financing affordable housing and creating union construction jobs. The HIT primarily invests in communities by purchasing government-insured mortgage-backed securities that finance the construction and rehabilitation of multifamily housing. All HIT financed projects are built with 100% union workforce, which supports the creation of family supporting jobs in the communities where we invest. Since its inception, the HIT has invested $10.4 billion (in 2016 dollars) to finance more than 120,000 units of housing nationwide, generating more than 81,400 union construction jobs.
Building America CDE
As a certified Community Development Entity, Building America applies for and allocates New Markets Tax Credits (NMTCs) to help fill financing gaps for development projects that benefit the residents of neighborhoods. The mission of Building America is to help transform these neighborhoods through new investments that promote community development and generate needed jobs, including union construction jobs.
Building on over 30 years of community development investment experience, the AFL-CIO Housing Investment Trust (HIT), Building America CDE (Building America), and the American Reinvestment Corporation (ARC) have an extensive track record of supporting solutions that link underrepresented groups to careers in the building trades, while providing affordable housing and much needed investment in disadvantaged communities.