497 1 ahit-497_081120.htm DEFINITIVE MATERIALS

 

 

 

  Projects Under Construction
  [as of July 31, 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
3Q 2020 Northpoint Apartments Chicago IL 304 226,220 $48,984,000 $86,804,801
  HIT Projects 25   4,784 13,901,470 $802,182,000 $1,997,379,135
             
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 33     16,057,660   $2,253,418,247

 

*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 31, 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.