0001387131-22-004811.txt : 20220414 0001387131-22-004811.hdr.sgml : 20220414 20220413213429 ACCESSION NUMBER: 0001387131-22-004811 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220414 DATE AS OF CHANGE: 20220413 EFFECTIVENESS DATE: 20220414 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: 22825848 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 hitpuc331list-497_041322.htm DEFINITIVE MATERIALS

 

Projects Under Construction 

as of March 31, 2022 

 

Commitment/ 

Construction 

Start 

  HIT Projects  City  State 

Total

Units

 

Affordable

Units

 

Union 

Construction 

Hours 

 

HIT 

Commitment 

 

Total 

Development 

Cost 

 

4Q 2018  Montclare Senior Residences of Englewood  Chicago  IL  102  102  352,240  $2,300,000  $25,397,680 
2Q 2019  95 Saint Alphonsus Street Apartments (Longwood II)  Boston  MA  115  15  478,300  $51,940,400  $66,685,759 
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  Brooklyn Crossing (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 
1Q 2022  Southern Hills/Orlando  Decatur  IL  212  212  109,000  $21,810,000  $40,873,063 
1Q 2022  Zenith  Duluth  MN  122  13  334,360  $26,682,200  $49,084,470 
                          
   HIT Projects  37     7,040  4,025  19,283,320  $1,460,520,518  $3,075,814,620 

 

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 
1Q 2022  Toledo Innovation Center  Toledo  OH  107,000  -  -  399,810   $10,000,000  $32,841,131 
   Projects Receiving Building America CDE, Inc. New Markets Tax Credits Allocation  4     246,260  68  20  1,130,030   $40,500,000  $142,193,073 
                              
   Grand Total  41        7,108  4,045  20,413,350   $1,501,020,518  $3,218,007,693 

 

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 March 31, 2022. Economic impact data is in 2021 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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