Pritzker Signs Bill Allowing State Treasurer to Invest in Labor Union Housing Trusts 

SPRINGFIELD – Governor J.B. Pritzker has signed legislation that enables the Illinois state treasurer to invest in pooled investment trusts like the AFL-CIO Housing Investment Trust Fund, which provides capital to developers and aligns with the governor’s Building Up Illinois Developments plan. Senate Bill 3086 allows the trusts to be set up only if voting trustees are officers or employees of a national labor federation or member union and if the issuer has assets exceeding $1 billion.