The AFL-CIO Housing Investment Trust builds on over 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
| 53 | $742.8M | $10M | $1.7B | 12,151 |
| Projects | HIT Investment | Building America | Total Development | Housing Units |
| Amount | NMTC Allocation | Cost | Created or Preserved | |
| 18.3M | 18,590 | $1.2B | $154.7M | $3.1B |
| Hours of Union | Total Jobs Across | Total Wages | State and Local Tax | Total Economic |
| Construction Work | Industries | and Benefits | Revenue Generated | Impact |
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PROJECT
PROFILE: The HIT provided $2.3 million in financing for the $25.4 million new construction of the 102-unit project in Chicago, creating an estimated 352,240 hours of union construction work. |
PROJECT
PROFILE: The HIT provided $69.0 million in financing for the $86.8 million substantial rehabilitation of the 304-unit scattered site project in Chicago, Illinois. This project will create an estimated 226,220 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 HIT subsidiary Building America CDE, Inc. project data. Data is current as of September 30, 2020. Economic impact data is in 2019 dollars and all other figures are nominal.
| Helping Build Chicago—The Union Way | SEPTEMBER 2020 |
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| Lake Village East Apartments | Mark Twain SRO | Wrigleyville North 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 Building and Construction Trades Council
HIGHLIGHTS OF CHICAGO INVESTMENTS
| Project | Location | HIT Investment/Building America NMTC Allocation | TDC | Construction Work Hours | |||||||
| Altgeld Family Resource Center | Chicago | $10,000,000 | $28,115,001 | 252,760 | |||||||
| Lake Village East Apartments | Chicago | $14,300,000 | $24,989,585 | 145,400 | |||||||
| Lathrop Homes Phase IA | Chicago | $22,000,000 | $175,865,785 | 1,580,250 | |||||||
| Mark Twain SRO Apts. | Chicago | $27,278,700 | $39,905,499 | 185,700 | |||||||
| 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 | |||||||
| Northpoint Apartments | Chicago | $68,984,000 | $86,804,801 | 226,200 | |||||||
| Paul G. Stewart Apartment III | Chicago | $16,296,000 | $31,426,808 | 288,030 | |||||||
| West Town Housing Preservation | Chicago | $60,404,300 | $121,182,660 | 1,088,890 | |||||||
| Wrigleyville North Apartments | Chicago | $34,982,300 | $40,912,471 | 289,900 | |||||||
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 September 30, 2020. Economic impact data is in 2019 dollars and all other figures are nominal.
Investors should consider the HIT’s investment objectives, risks and expenses carefully before investing. Investors may view the HIT’s current prospectus, which contains more complete information, on its website at www.aflcio-hit.com and may obtain a copy from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055. Investors should read the current prospectus carefully before investing.
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1227 25th Street, NW, Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com |  |