TRANSCRIPT – HIT Standard Video (60 Seconds)
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Residences @ 150 Bagley project
Jimmy Vaughan, Business Agent, Plumbers and Gasfitters Local 12:
What HIT is doing is a win-win for everybody involved.
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583 Projects Nationwide
Kate Bennett, CEO, Boston Housing Authority:
They're investing in projects that have a greater purpose.
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124,922 Units of Housing
67% Affordable Housing
Chris Coleman, AFL-CIO HIT, Chair, Board of Trustees:
The dollars that the workers on these projects are earning get reinvested.
Alex Zurek, Sec. Treasurer, Michigan Labor District Council:
That money falls back into the AFL HIT programs, and then they invest in our local communities and put our people to work.
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$40.3 Billion Total Economic Impacts
Liz Shuler, President, AFL-CIO:
We can create jobs, and we can actually revitalize a whole community.
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95 St. Alphonsus Street Apartments project
Byron Osbern, Business Representative, IBEW Local 58:
The HIT Fund is our members' money in action.
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194.7 Million Hours of Union Construction Work
219,282 Jobs Across Communities
Lou Antonellis, Business Manager, IBEW, Local 103:
We could take a sigh of relief knowing that HIT's projects are 100% union.
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HIT PROJECTS IN CONSTRUCTION/COMMITTED
AS OF DECEMBER 31, 2022
California
4 Projects Under Construction
1.6M Hours of Union Construction Work
$96.5M Invested or Allocated
Oregon
1 Project Under Construction
19.0K Hours of Union Construction Work
$24.4 M Invested or Allocated
Texas
1 Project Under Construction
0.3M Hours of Union Construction Work
$37.0M Invested or Allocated
Hawaii
1 Project Under Construction
0.4M Hours of Union Construction Work
$17.1M Invested or Allocated
Missouri
1 Project Under Construction
0.4M Hours of Union Construction Work
$32.0M Invested or Allocated
Minnesota
14 Projects Under Construction
3.8M Hours of Union Construction Work
$427.1M Invested or Allocated
Wisconsin
1 Project Under Construction
1.5M Hours of Union Construction Work
$104.7M Invested or Allocated
Illinois
8 Projects Under Construction
2.0M Hours of Union Construction Work
$284.0M Invested or Allocated
Michigan
2 Projects Under Construction
1.0M Hours of Union Construction Work
$55.8M Invested or Allocated
Ohio
1 Project Under Construction
0.4M Hours of Union Construction Work
$10.0M Invested or Allocated
Pennsylvania
2 Projects Under Construction
0.4M Hours of Union Construction Work
$18.8M Invested or Allocated
New York
2 Projects Under Construction
5.9M Hours of Union Construction Work
$150.0M Invested or Allocated
Massachusetts
3 Projects Under Construction
1.9M Hours of Union Construction Work
$80.1M Invested or Allocated
Chris Coleman:
So really, the map for the future for any community, when they partner with Housing Investment Trust, it's a map of growth, it's a map of future success of your city.
HIT’s National Impact:
583 Projects
$10.4 Billion Invested Capital
194.7 Million Hours of Union Construction Work
219,282 Jobs Across Communities
124,922 Units of Housing (67% Affordable)
$40.3 Billion Total Economic Impacts
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AFL-CIO Housing Investment Trust
Competitive Returns | Union Construction Jobs | Housing Finance
Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America CDE, Inc. project data. Data is 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. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055 or by viewing the HIT’s website at www.aflcio-hit.com. The prospectus should be read carefully before investing.