 |
Projects Under Construction as of January 31, 2021 |
| Commitment/ Construction Start | HIT Projects | City | State | Total Units | Affordable Units | Union Construction Hours | HIT Commitment | Total Development Cost | ||||||||||||||||||||
| 4Q 2016 | Cherry Street Lofts Phase I | Bridgeport | CT | 157 | 126 | 471,410 | $ | 35,000,000 | $ | 54,382,955 | ||||||||||||||||||
| 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 | 115 | 456,530 | $ | 35,000,000 | $ | 59,120,711 | ||||||||||||||||||
| 4Q 2018 | Montclare Senior Residences of Englewood | Chicago | IL | 102 | 102 | 352,240 | $ | 2,300,000 | $ | 25,397,680 | ||||||||||||||||||
| 4Q 2018 | Ya Po Ah Terrace Condo B | Eugene | OR | 112 | 112 | 177,980 | $ | 7,879,300 | $ | 32,226,372 | ||||||||||||||||||
| 4Q 2018 | Ya Po Ah Terrace Condo A | Eugene | OR | 109 | 109 | 136,270 | $ | 7,405,000 | $ | 29,179,063 | ||||||||||||||||||
| 4Q 2018 | Lake Street Apartments | Minneapolis | MN | 111 | 111 | 221,440 | $ | 13,500,000 | $ | 27,554,885 | ||||||||||||||||||
| 2Q 2019 | Betances Residence | Bronx | NY | 152 | 152 | 633,290 | $ | 52,000,000 | $ | 98,000,000 | ||||||||||||||||||
| 2Q 2019 | 95 Saint Alphonsus Street Apartments (Longwood II) | Boston | MA | 115 | 15 | 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 | 134 | 375,700 | $ | 17,137,500 | $ | 54,228,601 | ||||||||||||||||||
| 3Q 2019 | Old Colony Phase Three A | Boston | MA | 135 | 135 | 511,510 | $ | 47,880,000 | $ | 64,040,973 | ||||||||||||||||||
| 4Q 2019 | Cote Village | Boston | MA | 76 | 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 | 77 | 273,760 | $ | 20,950,000 | $ | 38,660,971 | ||||||||||||||||||
| 4Q 2019 | 18 Sixth Avenue at Pacific Park | Brooklyn | NY | 858 | 257 | 3,881,830 | $ | 100,000,000 | $ | 710,000,000 | ||||||||||||||||||
| 2Q 2020 | Wrigleyville North Apartments | Chicago | IL | 120 | 8 | 289,900 | $ | 34,982,300 | $ | 40,912,471 | ||||||||||||||||||
| 3Q 2020 | Northpoint Apartments | Chicago | IL | 304 | 304 | 226,220 | $ | 68,984,000 | $ | 86,804,801 | ||||||||||||||||||
| 3Q 2020 | Old Colony Phase Three B4 & B9 | Boston | MA | 115 | 115 | 486,320 | $ | 42,449,000 | $ | 61,054,733 | ||||||||||||||||||
| 3Q 2020 | Old Colony Phase Three C | Boston | MA | 55 | 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 | Ventana Residences (99 Ocean) | San Francisco | CA | 193 | 48 | 805,240 | $ | 52,000,000 | $ | 121,934,463 | ||||||||||||||||||
| 4Q 2020 | Carl Mackley Houses | Philadelphia | PA | 184 | 184 | 262,640 | $ | 13,800,000 | $ | 36,876,137 | ||||||||||||||||||
| 4Q 2020 | Residences @ 150 Bagley | Detroit | MI | 148 | 30 | 569,310 | $ | 37,000,000 | $ | 62,618,309 | ||||||||||||||||||
| 4Q 2020 | University and Fairview Apartments | Saint Paul | MN | 243 | 243 | 476,130 | $ | 79,100,713 | $ | 68,486,408 | ||||||||||||||||||
| 4Q 2020 | 53 Colton Street | San Francisco | CA | 96 | 96 | 368,640 | $ | 19,058,892 | $ | 52,515,971 | ||||||||||||||||||
| 4Q 2020 | Pinzone Towers | Rocky River | OH | 100 | 100 | 75,910 | $ | 6,583,800 | $ | 12,601,487 | ||||||||||||||||||
| 1Q 2021 | Circle Park | Chicago | IL | 418 | 418 | 292,010 | $ | 84,895,000 | $ | 163,806,449 | ||||||||||||||||||
| 1Q 2021 | Heiwa Terrace Apartments | Chicago | IL | 204 | 204 | 396,710 | $ | 28,500,000 | $ | 68,414,801 | ||||||||||||||||||
| HIT Projects | 31 | 5,315 | 3,326 | 15,059,300 | $ | 1,112,300,805 | $ | 2,367,010,385 | ||||||||||||||||||||
| Commitment/ Construction Start | Building America CDE, Inc. Projects | City | State | Square Feet | Affordable Units | 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 | ||||||||||||||||||
| 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 | ||||||||||||||||||
| 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 | 20 | 314,560 | $ | 14,500,000 | $ | 35,080,214 | ||||||||||||||||||
Projects Receiving Building America
CDE, Inc. | 5 | 303,560 | 20 | 1,312,450 | $ | 50,500,000 | $ | 161,364,203 | ||||||||||||||||||||
| Grand Total | 36 | 16,371,750 | $ | 2,528,374,588 | ||||||||||||||||||||||||
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 January 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 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.