0001387131-23-002258.txt : 20230221 0001387131-23-002258.hdr.sgml : 20230221 20230221164200 ACCESSION NUMBER: 0001387131-23-002258 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230221 DATE AS OF CHANGE: 20230221 EFFECTIVENESS DATE: 20230221 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: 23648837 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 aflciohitgenvid-497_123122.htm DEFINITIVE MATERIALS

 

 

 

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.