497 1 hit-497_071423.htm DEFINITIVE MATERIALS

 

The AFL-CIO Housing Investment Trust (HIT) is a $6.3 billion fixed-income mutual
fund that specializes in high credit quality multifamily mortgage-backed securities.

 

The HIT has nearly 40 years of success in impact investing—generating competitive returns for eligible investors while also providing the vital collateral benefits of union jobs and affordable housing for working people.

 

The HIT’s investments have had significant positive impacts on communities across the country. Since inception, the HIT has created the following impacts:

 

$44.1 billion total economic impact*

 

Invested or allocated $10.5 billion nationally since inception in 1984, financed
588 projects in 30 states and the District of Columbia

 

Created over
200.9 million hours of union
construction labor

Generated
225,301 total jobs in
communities across the U.S.

$20.3 billion in
total development
investment

Produced 126,189 housing and healthcare units nationwide, with 67% of the housing units affordable or workforce housing

 

  

 

 

$18.5 billion in wages and benefits*

 

$9.4 billion for construction workers $9.1 billion of other wages and benefits

 

 

 

continued

 

 

* 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 June 30, 2023. Economic impact data is in 2022 dollars and all other figures are nominal.

 

 

 

Economic Impact JUNE 2023

 

 

 

 

 

 

 

Work Generated for
[Trade Type]

Since Inception (1984–Present)* 

 

Trade Estimated Hours Worked 
[Trade Type] xxx,xxx,xxx
Total All Trades 200,880,060

 

* 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 June 30, 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.

 

 

 

1227 25th Street, NW | Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com