497 1 ahitohio-497_052919.htm AFL-CIO HOUSING INVESTMENT TRUST IN OHIO

 

 

AFL-CIO Housing Investment Trust in Ohio

Since Inception (1984-1Q 2019) 

 

In Ohio, the AFL-CIO Housing Investment Trust has committed $254 million to 22 projects with 3,878 housing and healthcare units, as listed below. The total development cost of all projects exceeds $347 million, generating some 4.7 million hours of union construction work, since inception.*

 

  Project Name Location Total
Units

Union

Jobs*

Commitment Total Dev Cost
1 Bath Manor Akron 150 44 $5,145,634 $5,660,197
2 L&O Care II Beachwood 274 101 $11,190,400 $12,309,440
3 Mayfield Manor I Canton 144 100 $9,858,800 $14,315,901
4 Bingham Apartments Cleveland 340 590 $45,634,900 $84,700,000
5 Crittenden Court Cleveland 208 94 $12,395,200 $13,634,720
6 Marshall Building/Magnate Building Cleveland 41 47 $4,211,200 $6,662,179
7 Otis Building Cleveland 249 283 $28,152,700 $37,000,000
8 Project 29 (Church + State) Cleveland 158 228 $39,000,000 $54,834,231
9 Quay 55 Apartments Cleveland 139 183 $21,098,500 $25,854,190
10 YMCA of Cleveland Cleveland 144 49 $5,281,900 $5,868,778
11 Berkley Park at New Albany Columbus 180 100 $13,050,200 $15,353,176
12 Bryden House Columbus 160 29 $2,865,000 $3,151,500
13 Leo E. Dugan Apartments Cuyahoga Fall 70 0 $2,332,100 $3,409,259
14 Ambassador Nursing Home East Cleveland 154 35 $4,387,300 $4,826,030
15 Westway Gardens Elyria 300 55 $3,845,000 $7,941,000
16 Silver Meadow Apartments Kent 444 99 $10,247,940 $11,386,600
17 The Greens Lyndhurst 248 112 $14,204,824 $16,711,558
18 Villa West Nursing Monclova 100 20 $2,491,700 $2,740,870
19 Aurora Manor Portage 100 33 $3,847,630 $4,232,393
20 Normandy Manor Rocky River 150 49 $5,908,300 $6,499,130
21 Somerset Point Nursing Home Shaker Heights 50 56 $7,444,399 $8,188,839
22 The Glendale Assisted Living Toledo 75 19 $1,900,000 $2,090,000
  TOTAL   3,878 2,326 $254,493,627 $347,369,991

 

 

     
Mayfield Manor I Project 29 Crittenden Court Otis Building Quay 55
Canton Cleveland Cleveland Cleveland Cleveland

 

* Jobs and hours figures are estimates calculated using IMPLAN, an input-output model, based on HIT project data. The data is current as of March 31, 2019.

 

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.

 

  April 2019