AFL-CIO HIT Invests $4.2MM To Preserve And Upgrade Affordable Housing For Minneapolis Area Families

The AFL-CIO Housing Investment Trust (HIT) is investing $4.2 million towards rehabilitating and sustaining affordability at the Yorkdale Terrace Townhomes, a subsidized housing development for low-income families in Edina, Minnesota, just outside of Minneapolis. Work on the aging development is expected to generate approximately 135 union construction jobs. The $17.2 million project will make interior and exterior repairs and upgrades to the development’s eight townhouse buildings that contain 90 residential units, all of which receive Section 8 project-based rental assistance.

MarketWatch

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