Pensions Are Ready to Build Affordable Housing City & State Magazine

If the city’s population grows as projected, its energy needs will also increase. The Mayor’s plan commits the city to being a leader in new technologies that will achieve environmental sustainability as part of the city’s housing goals. Additional investments in New York’s aging infrastructure are important as the effects of high energy costs, reduced grid reliability, and poor air quality have disproportionate impact on New York’s economically disadvantaged. That is one reason the HIT has been investing in this city’s aging affordable housing stock. A combination of upgrades and retrofit work has made these homes safer, healthier places to live, while conserving power, cutting operating costs, reducing their environmental impact, and maintaining affordability. As New York City’s leaders prepare to move forward with construction of 200,000 new affordable housing units, union members and the AFL-CIO’s HIT are prepared to support and build those units.