497 1 hitpuc1231-497_011222.htm DEFINITIVE MATERIALS

 

  Projects Under Construction
as of December 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 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 30 705,380 $47,791,901 $72,990,473
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 $104,745,000 $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 $37,000,000 $63,242,767
3Q 2021 Metro 19 Apartments Roselle IL 295 - 570,480 $65,928,000 $77,098,874
4Q 2021 311 West 42nd Street Manhattan NY 330 83 1,995,680 $50,000,000 $337,700,000
4Q 2021 Peregrine Apartments Minneapolis MN 163 163 363,130 $55,587,970 $55,711,262
4Q 2021 The Crest Apartments Brooklyn Center MN 171 171 192,720 $25,014,942 $40,052,670

 

  HIT Projects   38     7,155 3,952 20,277,160 $1,536,637,818 $3,176,308,298
                     
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
3Q 2020 Sugar Hill Detroit MI 54,760 68 20 314,560 $14,500,000 $35,080,214
4Q 2021 Destination Crenshaw Los Angeles CA 40,000 - - 198,690 $8,000,000 $50,851,200
 

Projects Receiving Building America DE, Inc.

New Markets Tax Credits Allocation

  3   139,260 68 20 730,220 $30,500,000 $109,351,942
                     
  Grand Total   41     7,223 3,972 21,007,380 $1,567,137,818 $3,285,660,240

 

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 December 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.