Jun 28, 2017   SOURCE: PR NewsWire

DC Mayor Muriel Bowser Joins AFL-CIO Housing Investment Trust, Developers, And City Officials Honoring Construction Workers Building Affordable Housing At Portner Flats Project In Northwest

WASHINGTON, June 28, 2017 /PRNewswire-USNewswire/ --

WHO: 

    --  Muriel Bowser, Mayor District of Columbia
    --  Stephen Coyle, Chief Executive Officer, AFL-CIO Housing Investment Trust
    --  Eric Price, Executive Vice President, AFL-CIO Housing Investment Trust
    --  Brent Booker, Secretary Treasurer, North America's Building Trades
        Unions
    --  Jim Campbell, Founding Principal, Somerset Development Company
    --  Todd Lee, Executive Director, DC Housing Finance Agency
    --  Polly Donaldson, Director, DC Dept. of Housing and Community Development

WHAT:

Worker appreciation lunch for construction workers redeveloping Portner Flats, which is located on the 1400 block of U and V Streets NW, next to the Reeves Municipal Center in Washington, DC. Portner Flats is replacing Portner Place, a deteriorated, 48-unit Section 8 development. The new development will contain 96 units of housing with 50% available to the current Section 8 tenants and 50% affordable to families earning 60% or less of Area Median Income. Using union and public pension funds, the AFL-CIO HIT is providing $24 million of the total $43.3 million development investment. The HIT investment is critical to creating the affordable housing component at a time when there is high demand for expanding affordable housing in the District.

WHERE:

Portner Flats
1440 V St. NW.
Washington, DC

WHEN:

June 29, 2017
11 am

MEDIA CONTACTS:
Michael K. Frisby (AFL-CIO HIT) 202-625-4328 (mike@frisbyassociates.com)

The AFL-CIO Housing Investment Trust (HIT) is a fixed-income investment company registered with the Securities and Exchange Commission. It manages over $5.9 billion in assets for over 390 investors, which include union and public employee pension plans. This and other information about the HIT is available on its website, www.aflcio-hit.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dc-mayor-muriel-bowser-joins-afl-cio-housing-investment-trust-developers-and-city-officials-honoring-construction-workers-building-affordable-housing-at-portner-flats-project-in-northwest-300481124.html

SOURCE AFL-CIO Housing Investment Trust