0001387131-21-007230.txt : 20210709 0001387131-21-007230.hdr.sgml : 20210709 20210709131339 ACCESSION NUMBER: 0001387131-21-007230 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210709 DATE AS OF CHANGE: 20210709 EFFECTIVENESS DATE: 20210709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFL CIO HOUSING INVESTMENT TRUST CENTRAL INDEX KEY: 0000225030 IRS NUMBER: 526220193 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-59762 FILM NUMBER: 211082304 BUSINESS ADDRESS: STREET 1: 1227 25TH STREET, NW STREET 2: SUITE 500 CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: (202) 331-8055 MAIL ADDRESS: STREET 1: 1227 25TH STREET, NW STREET 2: SUITE 500 CITY: WASHINGTON STATE: DC ZIP: 20037 0000225030 S000009768 AFL CIO HOUSING INVESTMENT TRUST C000026832 AFL CIO HOUSING INVESTMENT TRUST 497 1 ahit-497_070921.htm P-U-C MAP 06-30

 

Projects Under Construction

as of June 30, 2021

Commitment/         Affordable Union HIT Total
Construction HIT Projects City State Total Units Construction Development
Start         Units Hours Commitment Cost
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
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 Morrow (University and Fairview) St. 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 Apartments 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
1Q 2021 Gateway Apartments Chicago IL 161 17 382,510 $43,500,000 $50,352,486
1Q 2021 Wilder Square St. Paul MN 136 136 157,100 $22,909,000 $33,108,000
2Q 2021 The Couture Milwaukee WI 322 — 1,464,510 $104,475,000 $159,255,248
2Q 2021 Heartland View Apartments Wentzville MO 201 — 354,360 $32,000,000 $37,377,307
2Q 2021 Morningside Court Apartments Chicago IL 171 171 105,240 $28,700,000 $56,425,536
2Q 2021 Amber Union Falcon Heights MN 125 125 371,940 $18,273,000 $55,604,667
2Q 2021 Old Cedar (Bloomington) Apartments Bloomington MN 68 68 150,360 $21,774,000 $19,169,071
                 
  HIT Projects 36   6,291 3,717 17,396,970 $1,334,898,105 $2,705,483,167
                 
Commitment/ Building America CDE, Inc. Projects City State Square Affordable Union New Markets Tax Total
Construction (HIT Subsidiary) Feet Units Construction Credits Development
Start           Hours Allocation 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
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. 4   213,560 20 971,920 $41,500,000 $111,490,923
  New Markets Tax Credits Allocation  
               
                 
  Grand Total 40       18,368,890   $2,816,974,090

 

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 June 30, 2021. Economic impact data is in 2020 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.

 

 

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