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AFL-CIO Housing Investment Trust
AFL-CIO Housing Investment Trust Preserves Affordability at Big Six Towers Development in Queens With $7.8 Million Investment
August 15th, 2008
The AFL-CIO Housing Investment Trust (HIT) has committed to invest $7.8 million in Big Six Towers, a cooperative housing complex in Queens with long ties to the labor movement. The investment will allow the complex to remain affordable for middle-class working families and retirees. In 1961, the New York Typographical Union, Local 6, developed the Big Six Towers, and approximately one-third of the residents are active or retired union members. Big Six Towers participates in New York's Mitchell-Lama program, which provides affordable rental and co-op housing for middle-income families. "We are pleased to make an investment that will keep Big Six...
Source: Health Business Week (2008-08-15)
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