 |
Projects Under Construction [as of July 15, 2020] |
| Construction Start |
HIT Projects | City | State | Units | Union Const Hrs |
HIT Commitment |
Total Development Cost |
| 4Q 2016 | Cherry Street Lofts Phase I | Bridgeport | CT | 157 | 471,410 | $35,000,000 | $54,382,955 |
| 3Q 2017 | The Fountains of Ellisville | Ellisville | MO | 229 | 174,840 | $17,517,500 | $18,213,929 |
| 3Q 2017 | Lathrop Homes Phase 1A | Chicago | IL | 414 | 1,580,250 | $22,000,000 | $175,865,785 |
| 2Q 2018 | The Chamberlain | Richfield | MN | 316 | 420,570 | $48,277,000 | $62,509,690 |
| 3Q 2018 | Montclare Senior Residences of Calumet Heights | Chicago | IL | 134 | 464,000 | $9,200,000 | $32,721,472 |
| 3Q 2018 | Church & State (Project 29) | Cleveland | OH | 158 | 459,220 | $39,000,000 | $54,834,231 |
| 3Q 2018 | Riverdale Station East | Coon Rapids | MN | 180 | 325,650 | $28,350,000 | $38,273,494 |
| 4Q 2018 | 1490 Southern Boulevard | Bronx | NY | 115 | 456,530 | $35,000,000 | $59,120,711 |
| 4Q 2018 | Montclare Senior Residences of Englewood | Chicago | IL | 102 | 352,240 | $2,300,000 | $25,397,680 |
| 4Q 2018 | Ya Po Ah Terrace Condo B | Eugene | OR | 112 | 177,980 | $7,879,300 | $32,226,372 |
| 4Q 2018 | Ya Po Ah Terrace Condo A | Eugene | OR | 109 | 136,270 | $7,405,000 | $29,179,063 |
| 4Q 2018 | Lake Street Apartments | Minneapolis | MN | 111 | 221,440 | $13,500,000 | $27,554,885 |
| 2Q 2019 | Betances Residence | Bronx | NY | 152 | 633,290 | $52,000,000 | $98,000,000 |
| 2Q 2019 | 95 Saint Alphonsus Street Apartments (Longwood II) | Boston | MA | 115 | 478,300 | $51,940,400 | $66,685,759 |
| 2Q 2019 | Bassett Creek Apartments | Minneapolis | MN | 139 | 344,690 | $33,609,500 | $37,616,980 |
| 2Q 2019 | Zvago Cooperative at Lake Superior | Duluth | MN | 51 | 176,940 | $14,033,700 | $18,436,578 |
| 3Q 2019 | The Block at 803 Waimanu | Honolulu | HI | 153 | 375,700 | $17,137,500 | $54,228,601 |
| 3Q 2019 | Old Colony Phase 3A | Boston | MA | 135 | 511,510 | $48,060,000 | $64,040,972 |
| 4Q 2019 | Cote Village | Boston | MA | 76 | 415,960 | $20,116,000 | $49,049,428 |
| 4Q 2019 | Parker Station Flats | Robbinsdale | MN | 198 | 508,780 | $41,393,900 | $53,082,171 |
| 4Q 2019 | Sundance at Settler's Ridge | Woodbury | MN | 218 | 544,190 | $53,545,900 | $69,580,136 |
| 4Q 2019 | Gateway Northeast | Minneapolis | MN | 128 | 273,760 | $20,950,000 | $38,660,971 |
| 4Q 2019 | 18 Sixth Avenue at Pacific Park | Brooklyn | NY | 858 | 3,881,830 | $100,000,000 | $710,000,000 |
| 2Q 2020 | Wrigleyville North Apartments | Chicago | IL | 120 | 289,900 | $34,982,300 | $40,912,471 |
| HIT Projects | 24 | 4,480 | 13,675,250 | $753,198,000 | $1,910,574,334 | ||
| Construction Start |
Building America CDE, Inc. Projects (HIT Subsidiary) |
City | State | Sq. Ft. | Union Const Hrs |
New Markets Tax Credits Allocation |
Total Development Cost |
| 1Q 2018 | Joseph P. Addabbo Family Health Center | Queens | NY | 44,500 | 216,970 | $8,000,000 | $23,420,528 |
| 3Q 2018 | Providence Public Library | Providence | RI | 83,000 | 288,940 | $8,000,000 | $23,268,692 |
| 3Q 2018 | Horizons-Watermark Center | Boston | MA | 211,000 | 455,850 | $8,000,000 | $62,076,217 |
| 2Q 2019 | Altgeld Family Resource Center | Chicago | IL | 40,000 | 252,760 | $10,000,000 | $28,115,001 |
| 4Q 2019 | Powel-Science Leadership Academy Middle School | Philadelphia | PA | 90,000 | 340,530 | $9,000,000 | $49,873,280 |
| 4Q 2019 | Renaissance Village | Welch | WV | 20,700 | 98,950 | $9,000,000 | $9,330,000 |
| 1Q 2020 | YWCA of Central Massachusetts | Worcester | MA | 74,300 | 187,630 | $9,000,000 | $24,875,180 |
| 3Q 2020 | Sugar Hill | Detroit | MI | 54,760 | 314,560 | $14,500,000 | $35,080,214 |
| Projects Receiving Building America CDE, Inc. New Markets Tax Credits Allocation |
8 | 618,260 | 2,156,190 | $75,500,000 | $256,039,112 | ||
| Grand Total | 32 | 15,831,440 | $2,166,613,446 |
*Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and HIT subsidiary Building America CDE, Inc. project data. Data is current as of July 15, 2020. Economic impact data is in 2019 dollars and all other figures are nominal.
This table provides information about projects financed by the HIT that were under construction as of the date of this report. The projects shown on this table may not reflect HIT’s current portfolio for any or all of the following reasons: (i) the assets related to the project(s) shown on this table may no longer be held in the HIT’s current portfolio; (ii) other assets in the HIT’s current portfolio may have characteristics different from those shown on this table; and (iii) this table is not a complete list of all the projects financed by the HIT as of the date of this report. Investors should consider the HIT’s investment objectives, risks, and charges and expenses carefully before investing. This and other information is contained in the HIT’s current prospectus. To obtain a current prospectus, call the HIT at (202) 331‐8055 or visit the HIT’s website at www.aflcio-hit.com.