 |
Projects
Under Construction |
| Commitment/ Construction Start |
HIT Projects | City | State | Total Units | Affordable Units |
Union Construction Hours |
HIT
Commitment |
Total
Development 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 | |
| 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 | $42,400,000 | $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 | |
| 3Q 2021 | The American Cooperative of Anoka | Anoka | MN | 87 | - | 292,850 | $20,931,200 | $34,728,425 | |
| 3Q 2021 | Granada Senior Apartments | San Antonio | TX | 265 | 265 | 321,480 | $25,000,000 | $63,242,767 | |
| 3Q 2021 | Metro 19 Apartments | Roselle | IL | 295 | - | 570,480 | $65,534,000 | $77,098,874 | |
| HIT Projects | 36 | 6,606 | 3,650 | 18,046,090 | $1,422,979,005 | $2,791,592,913 | |||
| Commitment/ Construction Start |
Building
America CDE, Inc. Projects (HIT Subsidiary) |
City | State | Square Feet |
Total Units | 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 |
| 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 | 68 | 20 | 314,560 | $14,500,000 | $35,080,214 |
| Projects Receiving
Building America CDE, Inc. New Markets Tax Credits Allocation |
3 | 173,560 | 68 | 20 | 719,160 | $31,500,000 | $83,375,922 | ||
| Grand Total | 39 | 6,674 | 3,670 | 18,765,250 | $1,454,479,005 | $2,874,968,835 | |||
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 August 31, 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.