497 1 hitpuclist831-497_090722.htm DEFINITIVE MATERIALS
Projects Under Construction
as of August 31, 2022

 

Commitment/
Construction
Start
HIT Projects City State   Total
Units
Affordable
Units
Union
Construction
Hours
HIT
Commitment
Total
Development
Cost
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 Sundance at Settler's Ridge Woodbury MN   218 - 544,190 $53,545,900 $69,580,136
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 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 Jazzie Collins Apartments (53 Colton) 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 Zenith Duluth MN   122 13 334,360 $26,682,200 $49,084,470
1Q 2022 Southern Hills/Orlando Decatur IL   212 212 109,000 $21,810,000 $40,873,063
2Q 2022 Greenway Apartments Minneapolis MN   86 86 176,070 $12,327,300 $26,847,568
2Q 2022 Rise on 7 St. Louis Park MN   120 120 264,020 $35,103,700 $40,355,688
2Q 2022 Covent Apartments Chicago IL   30 30 97,930 $4,900,000 $17,763,640
2Q 2022 42nd & Central Columbia Heights MN   62 62 140,880 $10,631,900 $21,899,161
2Q 2022 Edwin Berry Manor Apartments Chicago IL   56 56 45,010 $5,752,000 $12,521,150
2Q 2022 Ladder 260 Minneapolis MN   90 90 203,510 $18,219,487 $34,281,708
3Q 2022 Soul St. Paul MN   178 178 453,570 $62,911,265 $68,252,628
3Q 2022 Marshall Union Manor Portland OR   242 242 19,010 $24,437,600 $24,437,600
                   
  HIT Projects 39     6,981 4,315 18,428,060 $1,429,119,470 $3,002,492,953

 

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
3Q 2022 The School at Marygrove Detroit MI 64,700 - - 249,780 $8,000,000 $27,687,449
  Projects Receiving Building America CDE, Inc.
New Markets Tax Credits Allocation
5   310,960 68 20 1,379,810 $48,500,000 $169,880,522
                   
  Grand Total 44     7,049 4,335 19,807,870 $1,477,619,470 $3,172,373,475

 

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, 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 HITs 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 HITs current portfolio; (ii) other assets in the HITs 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 HITs investment objectives, risks, and charges and expenses carefully before investing. This and other information is contained in the HITs current prospectus. To obtain a current prospectus, call the HIT at (202) 331-8055 or visit the HITs website at www.aflcio-hit.com.