497 1 hitmaimp1231v2-497_010323.htm HITMAIMP1231V2

 

HIT’s Massachusetts Investments

(since inception)

  56 12  $901.4M 18.3M  6,202  $4.3B   
   Projects Cities Across
Massachusetts 
Invested or
Allocated 
 Hours of Union
Construction Work
 Units of Housing
(89% affordable)
 Total Economic
Impact
 

City/ Project  Total Units    Commitment/
Allocation
   TDC  
Attleboro  160   $2,503,600   $9,591,445 
MassHousing Pooled Deals: Hope Gardens  160   $2,503,600   $9,591,445 
Boston  4,559   $768,507,898   $1,867,439,654 
225 Centre Street  103   $15,415,000   $53,160,520 
95 Saint Alphonsus Street Apartments            
(Longwood II)  115   $51,940,400   $66,685,759 
Adams Square Assisted Living  100   $8,049,700   $8,854,670 
Back of the Hill  125   $4,000,000   $27,356,765 
Bay View Residence  67   $4,048,894   $4,453,783 
Blackstone Apartments  145   $42,804,660   $72,800,962 
Boston Back Bay Board & Care  85   $8,985,400   $9,883,940 
Building 104  46   $3,969,000   $4,365,900 
Casa Maria Apartments  85   $2,000,000   $21,749,710 
Charlesview Apartments  240   $58,200,000   $152,000,000 
Concord Street Elderly Housing (Anna            
Bissonnette House)  41   $500,000   $5,641,870 
Cote Village  76   $20,116,000   $49,049,428 
Dudley Municipal Center     $7,500,000   $115,853,503 
Franklin Hill 1B  24   $300,000   $12,491,787 
Franklin Park Apartments  220   $25,672,000   $34,000,000 
Franklin Square Apartments  193   $47,330,000   $75,462,270 
Georgetowne Homes One  601   $70,392,000   $201,565,948 
Georgetowne Homes Two  366   $45,456,000   $123,637,753 
Horizons Watermark     $8,000,000   $62,076,217 
Lowell Square/West End Place  183   $12,122,000   $31,737,494 
Lucerne Gardens  48   $1,050,000   $1,155,000 
Hemenway Apartments  183   $3,750,969   $14,370,193 
Maverick Landing  92   $2,016,630   $28,758,581 
Oak Street Terrace  88   $5,016,300   $5,517,930 
Old Colony Phase One  116   $26,700,000   $56,844,708 
Old Colony Phase Three A  135   $47,880,000   $64,040,973 
Old Colony Phase Three B  115   $42,449,000   $61,054,733 
Old Colony Phase Three C  55   $36,430,000   $26,506,507 
Old Colony Phase Two A  45   $12,435,000   $22,211,272 
Old Colony Phase Two B  84   $21,050,000   $39,236,796 
City/ Project  Total Units    Commitment/
Allocation
   TDC  
Boston (continued)         
Old Colony Phase 4  104   $27,432,000   $84,684,476 
Old Colony Phase 5  104   $25,993,000   $78,109,976 
Rollins Square  184   $30,215,245   $46,800,000 
South Cove Manor  100   $4,033,700   $4,437,070 
The Carruth  116   $5,110,000   $48,624,416 
Washington Beech  56   $13,500,000   $25,517,516 
Whittier Street Apartments Phase 3  119   $26,645,000   $125,475,018 
Cambridge  135   $22,500,000   $34,668,000 
University Park at MIT  135   $22,500,000   $34,668,000 
Chelsea  82   $5,408,000   $5,948,800 
Cottage Manor Nursing Home  82   $5,408,000   $5,948,800 
Holyoke     $5,600,000   $79,098,921 
Massachusetts Green High Performance            
Computing Center     $5,600,000   $79,098,921 
Lynn  141   $20,374,290   $34,694,857 
Gateway North  71   $19,444,000   $31,130,857 
MassHousing Pooled Deals: Rolfe House  70   $930,290   $3,564,000 
Mashpee  56   $2,440,055   $9,348,000 
MassHousing Pooled Deals: Asher's Path  56   $2,440,055   $9,348,000 
New Bedford  129   $16,420,000   $31,195,797 
Regency Tower  129   $16,420,000   $31,195,797 
Newburyport  101   $1,760,086   $6,743,000 
Heritage House  101   $1,760,086   $6,743,000 
Quincy  223   $5,450,000   $47,288,011 
Squantum Gardens  223   $5,450,000   $47,288,011 
Springfield     $9,000,000   $21,561,650 
Caring Health Center     $9,000,000   $21,561,650 
Various Cities  500   $27,235,000   $27,235,000 
MassHousing Pooled Deals  500   $27,235,000   $27,235,000 
Worcester  116   $14,234,417   $45,274,622 
Bet Shalom I  71   $4,114,417   $4,571,574 
Hadley Building Apartment  45   $1,120,000   $15,827,868 
YWCA of Central Massachusetts     $9,000,000   $24,875,180 
Total  6,202   $901,433,346   $2,220,087,757 

 

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 since inception, current as of December 31, 2022. Economic impact data is in 2021 dollars and all other figures are nominal.

Investors should consider the HIT’s investment objectives, risks and expenses carefully before investing. Investors may view the HIT’s current prospectus, which contains more complete information, on its website at www.aflcio-hit.com and may obtain a copy from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055. Investors should read the current prospectus carefully before investing.

The projects shown here 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. A complete list of the HIT’s portfolio holdings as of the most recently disclosed month-end is available upon request or on its website at aflcio-hit.com.

 

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www.aflcio-hit.com