AFL-CIO Housing Investment Trust Finances Affordable Housing for San Antonio Seniors The AFL-CIO Housing Investment Trust is helping tofinance the $63.2 million substantial rehabilitation ofthe Granada Senior Apartments (“Granada”), anaffordable housing development located in SanAntonio, Texas. Granada will provide 265 units ofaffordable housing to an underserved population. Therenovation will include the modernization of existingunits and conversion of unutilized commercial space tomuch needed additional residential units. The project’snonprofit sponsor, the Granada Trades CouncilHousing, is an affiliate of the San Antonio Building andConstruction Trades Council, which has owned,managed, and operated the property since 1968. The HIT has committed $13 million in constructionfinancing and $12 million in permanent financing to thetransaction, with the option for an additional $12million in permanent financing. Granada is the HIT’s third project in Texas. HITAdvisers LLC, an HIT subsidiary, served as development adviser to Granada TradesCouncil Housing. In addition to creating the union construction work and other economic impacts seenhere, Granada’s 265 units will be restricted to seniors earning less than 80% of SanAntonio Area Median Income, with 182 of the units benefitting from HUD rentalvoucher subsidies. The project’s location on San Antonio’s River Walk provides directaccess to several transit options, meaning tenants will be able to move around the citywithout the need for a car. The AFL-CIO Housing Investment Trust (HIT) is a fixed-income investment company registered with the Securities and Exchange Commission. Its investors include union and public employee pension plans and labor

organizations. The HIT invests primarily in government and agency insured and guaranteed multifamily mortgage-backed securities. The HIT is one of the earliest practitioners of socially responsible impact investing, with a track record of over 35 years that demonstrates the added value derived from union-friendly investments. The investment objective of the HIT is to provide competitive returns for its investors and to promote the collateral objectives of constructing affordable housing and generating employment for union members in the construction trades and related industries. More information is available on the HIT’s website, www.aflcio-hit.com. Investors should consider the HIT’s investment objectives, risks and expensescarefully before investing. Investors may view the HIT’s current prospectus, whichcontains more complete information, on its website at www.aflcio-hit.com and mayobtain a copy from the HIT by calling the Marketing and Investor RelationsDepartment collect at 202-331-8055. Investors should read the currentprospectus carefully before investing. AFL-CIO Housing Investment Trust | 1227 25th Street NW, Suite 500, Washington, DC 20037Unsubscribe {recipient's email}Update Profile | Constant Contact Data NoticeSent by info@aflcio-hit.com powered byTry email marketing for free today!