497 1 hitnysl323-497_033123.htm DEFINITIVE MATERIALS

 

         
83 $2.1B 29.4M 45,963 $6.9B
         
Projects Invested or
Allocated		 Hours of Union
Construction Work		 Units of Housing
(91% affordable)		 Total Economic
Impact
         

 

City/Project   Total
Units		   Affordable
Units		   Invested/
Allocated		   TDC  
Bronx                  
1490 Southern Boulevard   115   115   $35,000,000   $59,120,711  
Academy Gardens   469   469   $64,800,000   $64,800,000  
Amalgamated Housing Cooperative   1,486   1,486   $13,000,000   $13,000,000  
Betances Residence   152   152   $52,000,000   $98,000,000  
Bronx Center for Rehab & Healthcare   200   200   $12,192,100   $18,200,000  
Daly Avenue Apartments   84   42   $2,890,000   $15,940,100  
Eastchester Rehab & Healthcare   200   200   $9,974,900   $11,470,000  
HDC Mitchell-Lama Pool: Kingsbridge Arms   105   105   $658,119   $3,570,000  
HDC Mitchell-Lama Pool: Scott Tower   352   352   $2,405,108   $13,270,000  
HDC Mitchell-Lama Pool: Woodstock Terrace   319   319   $1,936,773   $10,391,000  
Mount Hope   497   497   $2,875,000   $31,170,000  
Sebco I   182   182   $12,846,000   $12,846,000  
Sebco II   179   179   $12,307,000   $12,307,000  
Stevenson Commons   379   379   $980,000   $60,860,000  
Workmen’s Circle   -   -   $51,706,100   $66,000,000  
Workmen’s Circle (Increase)   524   524   $14,600,000   $14,600,000  
Workmen’s Circle (2008)   -   -   $5,507,900   $5,507,900  
Brooklyn                  
33 Bond Street (2016 Bonds)   144   144   $18,300,000   $54,320,000  
33 Bond Street (2017 Bonds)   491   -   $20,000,000   $287,120,000  
Amalgamated Warbasse Houses   2,583   2,583   $33,393,400   $37,103,778  
Amalgamated Warbasse Houses (2003)   2,583   2,583   $10,300,000   $10,300,000  
Amalgamated Warbasse Houses (2013)   2,583   2,583   $89,000,000   $89,000,000  
Bedford Gardens   647   647   $39,201,800   $39,201,800  
Brooklyn Crossing (18 Sixth Avenue at Pacific Park)   858   257   $100,000,000   $710,000,000  
Harry Silver Housing Corporation   288   288   $8,000,000   $8,000,000  
Haym Salomon Nursing Home   240   240   $30,509,300   $33,787,426  
Mitchell-Lama Pool: Cadman Tower   422   422   $8,051,087   $8,051,087  
Mohawk Hotel/ Mohawk Apartments   86   17   $6,759,401   $7,435,341  
NYCHA Bonds: The Bay View   1,610   1,610   $5,275,446   $60,973,580  
NYCHA Bonds: The Boulevard   1,423   1,423   $9,615,000   $12,500,000  
Buffalo                  
Northland Central   -   -   $9,000,000   $110,590,381  
Roswell Park Cancer Institute Clinical Sciences Center   -   -   $9,200,000   $46,380,142  
Kingston                  
Hudson River Valley Care Center   280   56   $41,094,000   $48,700,000  
Long Island                  
Glengariff   262   262   $3,717,605   $4,089,366  
Larkfield Gardens Adult Homes   200   200   $20,599,900   $22,659,890  
Middletown Park Manor Nursing Rehabilitation and Health Care Center   250   250   $9,134,000   $10,047,400  
Park Avenue Extended care   240   48   $25,665,400   $28,517,111  
Spruce Pond Apartments   225   45   $23,001,800   $25,557,556  
Townhouse Extended Care   280   280   $27,335,601   $30,116,300  

 

 

continued

 

 

 

HIT’S New York Impact Investing (Inception – March 31, 2023), continued

 

City/Project   Total
Units		   Affordable
Units		   Invested/
Allocated		   TDC  
Manhattan                  
311 West 42nd Street   330   83   $50,000,000   $337,700,000  
33 West End Apartment   211   100   $14,000,000   $68,000,000  
475 9th Avenue (Hudson Crossing)   259   51   $10,000,000   $73,900,000  
606 West 57th St. (2016 Bonds)   206   206   $31,000,000   $108,742,105  
606 West 57th St. (2017 Bonds)   476   20   $20,000,000   $275,384,620  
606 West 57th St. (2018 Bonds)   266   32   $30,000,000   $153,157,894  
CUNY Graduate Center Housing   77   12   $9,832,000   $28,766,797  
Gateway Plaza   1,712   1,712   $38,141,700   $38,141,700  
General Chauncey M. Hooper Tower   75   75   $5,575,200   $5,575,200  
Lands End II   490   488   $90,000,000   $175,000,000  
Logan Plaza Apartments   130   26   $8,560,000   $10,700,000  
Lower East Side Apartments   152   151   $22,120,000   $22,120,000  
Manhattan West (West End Towers)   143   28   $23,000,000   $25,300,000  
Mannie Wilson   102   102   $16,400,000   $16,400,000  
Mitchell-Lama Pool: East Midtown Plaza   746   746   $5,951,632   $5,951,632  
Mitchell-Lama Pool: Ruppert House Coop   652   652   $5,829,209   $5,829,209  
Mitchell-Lama Pool: Tower West   217   217   $1,139,647   $1,139,647  
New York Presbyterian Hospital   -   -   $40,000,000   $71,680,000  
Penn South Cooperative   2,820   2,820   $33,000,000   $33,000,000  
Penn South Cooperative (2011)   2,820   2,820   $134,000,000   $151,000,000  
Penn South Cooperative (2017)   2,820   2,820   $55,000,000   $191,000,000  
Penn South Cooperative (supplemental)   -   -   $45,000,000   $45,000,000  
Seward Park Cooperative   1,728   1,728   $20,200,000   $20,200,000  
The Dempsey   80   80   $15,000,000   $26,363,400  
The Douglass -Building C   70   70   $9,500,000   $31,200,759  
The Ludlow   243   62   $75,058,000   $75,058,000  
The Renaissance   241   180   $12,500,000   $28,000,000  
West 135th Street (LIHTC Cluster)   110   110   $3,800,000   $3,800,000  
West Village Houses   420   420   $40,000,000   $42,000,000  
Queens                  
Big Six Towers   983   983   $7,760,000   $11,600,000  
City Lights -Queens West   522   104   $85,621,900   $95,135,444  
Electchester Housing Companies   2,399   2,399   $49,000,000   $49,000,000  
Elmhurst Care Center   240   240   $29,885,253   $35,159,121  
Flushing Manor Geriatric Center   299   299   $33,889,136   $39,869,572  
Hunter’s Point South -Building A   619   619   $8,265,000   $232,950,050  
Hunter’s Point South B   306   306   $5,000,000   $16,025,000  
Joseph P. Addabbo Family Health Center   -   -   $8,000,000   $23,420,528  
Mitchell-Lama Pool: Goodwill Terrace   208   208   $1,028,425   $1,028,425  
Queens Boulevard Extended Care   280   280   $28,902,700   $31,792,970  
Queens Family Courthouse ( Moda)   346   166   $10,000,000   $165,303,344  
The Gateway Apartment   365   365   $10,000,000   $36,019,000  
Staten Island                  
NYCHA Bonds: The Stapleton   693   693   $6,414,554   $29,621,000  
Yonkers                  
Elizabeth Seton Pediatric Center   137   137   $100,000,000   $115,557,020  
Elizabeth Seton Pediatric Center II   32   32   $18,300,000   $21,130,584  

 

 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. 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.

 

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, 2023. Economic impact data is in 2022 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.