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AFL-CIO's HIT Puts Up $40M for Healthcare Facility

NEW YORK CITY-The pension fund is supporting the Weill Cornell Ambulatory Care Center, part of New-York Presbyterian Hospital.

By Rayna Katz | Updated on October 02, 2013

NEW YORK CITY-The AFL-CIO Housing Investment Trust is planning to provide $40 million of union pension capital towards construction of the $896 million Weill Cornell Ambulatory Care Center, which is part of New York-Presbyterian Hospital. 

The project will utilize 100% union labor, creating more than 5,200 union construction jobs. The HIT’s investment will fund approximately 420 of the jobs. The ambulatory care center is part of a plan to significantly increase outpatient services at NYP.  The care center will be located on the Upper East Side, next to the Weill Cornell Medical Center, one of New York-Presbyterian Hospital’s main facilities.

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