Organized labor's membership and clout in the workplace continues to decline, but its power in the multibillion-dollar world of pensions, housing and economic development is on the rise.
The AFL-CIO's Housing Investment Trust, which pools monies from union pension funds, across the country, is now promising to invest $660 million and leverage those dollars into $1.2 billion for urban America in the next five years.
The money is scheduled to finance homeless shelters, ...
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