| AFL-CIO
Housing Investment Trust Helping Build America - The Union Way January 2019 |
The AFL-CIO Housing Investment Trust builds on over 30 years of experience investing union capital responsibly to deliver competitive returns to its participants while generating union construction jobs, affordable housing, and economic and fiscal impacts that benefit the communities where union members live and work.
Since inception, the HIT has invested $11.3 billion and its subsidiary Building America CDE has awarded $139.3 million in New Markets Tax Credits to help finance 514 projects with total development investment of $19.4 billion. These projects have built or preserved 110,460 housing units and created an estimated 169.2 million hours of union construction work.*
The projects financed by the HIT have generated an estimated $5.8 billion in wages and benefits for Building Trades members*. A list of the 15 trades and the jobs and hours per trade are outlined on the back.
| Economic
and Fiscal Impacts of the HIT-Financed Projects in the United States In 2017 Dollars, Since Inception* |
| $29.4B total economic benefits |
| $11.6B personal income, $5.8B for union construction workers |
| 180,870 total jobs across industry segments, 349.5M hours of work |
| 84,090 union construction jobs, 169.2M hours of work |
| $1.2B state and local tax revenue generated |
* Figures provided by Pinnacle Economics are estimates calculated using an IMPLAN input-output model based on HIT and subsidiary Building America project data. Data current as of December 31, 2018. Since inception dates from 1984 – 2018.
| AFL-CIO
Housing Investment Trust Helping Build America - The Union Way |
Jobs Created by Trade Since Inception*
| TRADE TYPE | Hours | Jobs |
| Asbestos and Insulation | 2,197,244 | 1,092 |
| Boilermakers | 1,684,692 | 837 |
| Bricklayers (Incl. Tile Setters) | 11,476,078 | 5,702 |
| Cement Masons | 6,558,199 | 3,260 |
| Carpenters | 30,503,380 | 15,157 |
| Electrical Workers | 25,393,911 | 12,618 |
| Elevator Constructors | 860,553 | 428 |
| Ironworkers | 5,065,902 | 2,517 |
| Laborers | 21,192,494 | 10,531 |
| Operating Engineers | 5,929,356 | 2,947 |
| Painters | 13,527,982 | 6,722 |
| Plumbers | 18,616,129 | 9,251 |
| Roofers | 5,745,461 | 2,854 |
| Sheet Metal Workers | 5,251,035 | 2,609 |
| Teamsters | 2,541,438 | 1,263 |
| Other | 12,681,399 | 6,303 |
| TOTAL ALL TRADES | 169,225,253 | 84,089 |
* Figures provided by Pinnacle Economics are estimates calculated using an IMPLAN input-output model based on HIT and subsidiary Building America project data. Data current as of December 31, 2018. Since inception dates from 1984 – 2018.
Investors should consider the HIT’s investment objectives, risks and expenses carefully before investing. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055 or by viewing the HIT’s website at www.aflcio-hit.com. The prospectus should be read carefully before investing.
 |
January 2019 |