497 1 ahit-497_091621.htm DEFINITIVE MATERIALS

 

 

Projects Under Construction
as of August 31, 2021

 

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.