497 1 ahit-497_120320.htm PROJECTS UNDER CONSTRUCTION

Projects Under Construction

as of November 30, 2020

 

 

Commitment/ Construction Start HIT Projects City State Units Union Construction Hours HIT
Commitment
Total Development Cost
4Q 2016 Cherry Street Lofts Phase I Bridgeport CT 157 471,410 $35,000,000 $54,382,955
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
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 Three A Boston MA 135 511,510 $47,880,000 $64,040,973
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 $68,984,000 $86,804,801
3Q 2020 Old Colony Phase Three B4 & B9 Boston MA 115 486,320 $42,449,000 $61,054,733
3Q 2020 Old Colony Phase Three C Boston MA 55 198,030 $36,430,000 $26,506,507
4Q 2020 Zvago Cooperative at Stillwater Stillwater MN 48 192,200 $15,825,900 $22,400,354
4Q 2020 Carl Mackley Houses Philadelphia PA 184 262,640 $13,800,000 $36,876,137
4Q 2020 Residences @ 150 Bagley Detroit MI 148 569,310 $37,000,000 $62,618,309
4Q 2020 University and Fairview Apartments Saint Paul MN 243 476,130 $79,100,713 $68,486,408
4Q 2020 53 Colton Apartments San Francisco CA 96 368,640 $19,058,892 $52,515,971
4Q 2020 Pinzone Towers Rocky River OH 100 75,910 $6,583,800 $12,601,487
               
  HIT Projects 30   4,950 14,449,910 $1,004,382,805 $2,108,085,834
               
Commitment/ Construction Start Building America CDE, Inc. Projects
(HIT Subsidiary)
City State Square Feet Union Construction Hours 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 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. 7   535,260 1,867,250 $67,500,000 $232,770,420
               
  Grand Total 37     16,317,160   $2,340,856,254

 

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 November 30, 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 pre- or under construction as of the date of this report. Projects are included until they reach permanent loan status. 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.