The AFL-CIO has committed at least $75 million to rebuilding the riot-torn commercial and residential areas of Los Angeles, neighborhoods in which many local union members live and work.
The money will come from two pension fund trusts, the Housing Investment Trust and the Building Investment Trust, which have combined assets of about $685 million. The trusts, holding money from more than 300 pension funds, invest on a national basis in socially progressive projects which sustain or ...