| Helping Build Chicago — The Union Way |
The AFL-CIO Housing Investment Trust builds on 35 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.
Economic and Fiscal Impacts of the HIT-Financed Projects in Chicago
In 2018 Dollars, Since Inception*
| 51 | $638.8M | $10M | $1.5B | 11,727 |
| Projects | HIT
Investment Amount |
Building
America NMTC Allocation |
Total
Development Cost |
Housing Units Created or Preserved |
| 17.8M | 17,718 | $1.1B | $145.8M | $2.9B |
| Hours
of Union Construction Work |
Total
Jobs Across Industries |
Total
Wages and Benefits |
State
and Local Tax Revenue Generated |
Total
Economic Impact |
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PROJECT PROFILE: MONTCLARE SENIOR RESIDENCES OF CALUMET HEIGHTS The HIT provided $9.2 million in financing for the $32.7 million new construction of the 134-unit project in Chicago, creating an estimated 464,000 hours of union construction work. |
PROJECT PROFILE: LATHROP HOMES PHASE IA The HIT provided $22.0 million in financing for the $175.9 million substantial rehabilitation of the 414-unit Lathrop Homes in Chicago, creating an estimated 1,580,250 hours of union construction work. |
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*Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America project data. The data is current as of September 30, 2019. Economic impact data is in 2018 dollars and all other figures are nominal.
| Helping Build Chicago—The Union Way | SEPTEMBER 2019 |
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| Kenmore Plaza Apartments | Mark Twain SRO | 30 East Adams Apartments | ||
“We appreciate HIT’s commitment to and support of union construction at numerous projects that have put our members to work in the Chicago area for nearly 30 years and recognize the benefits this commitment has provided to the workers and the community.”
—Michael Macellaio, Secretary-Treasurer
Chicago and Cook County BCTC
RECENT CHICAGO INVESTMENTS
| Project | Location | HIT Investment Building America NMTC Allocation |
TDC | Construction Work Hours |
|||||||
| Kenmore Plaza Apartments | Chicago | $22,900,000 | $60,686,283 | 224,560 | |||||||
| Lake Village East Apartments | Chicago | $14,300,000 | $24,989,585 | 145,400 | |||||||
| Paul G. Stewart Apartment III | Chicago | $16,296,000 | $31,426,808 | 288,030 | |||||||
| 30 East Adams Apartments | Chicago | $44,685,300 | $49,755,134 | 447,080 | |||||||
| Lathrop Homes Phase IA | Chicago | $22,000,000 | $175,865,785 | 1,580,250 | |||||||
| West Town Housing Preservation | Chicago | $60,404,300 | $121,182,660 | 1,088,890 | |||||||
| Montclare Senior Residences of Calumet Heights | Chicago | $9,200,000 | $32,721,472 | 464,000 | |||||||
| Montclare Senior Residences of Englewood | Chicago | $2,300,000 | $25,397,680 | 352,240 | |||||||
| Mark Twain SRO Apts. | Chicago | $27,278,700 | $39,905,499 | 185,700 | |||||||
| Altgeld Family Resource Center | Chicago | $10,000,000 | $28,115,001 | 252,760 | |||||||
*Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America project data. The data is current as of September 30, 2019. Economic impact data is in 2018 dollars and all other figures are nominal.
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.
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2401 Pennsylvania Ave., NW, Suite 200 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com |  |