 |
Projects
Under Construction as of September 30, 2023 |
| Commitment/ Construction Start |
HIT Projects | City | State | Total Units |
Affordable Units |
Union
Construction Hours |
HIT Commitment |
Total
Development Cost | |
| 4Q 2020 | Ventana Residences (99 Ocean) | San Francisco | CA | 193 | 48 | 805,240 | $52,000,000 | $121,934,463 | |
| 4Q 2020 | Residences @ 150 Bagley | Detroit | MI | 148 | 30 | 705,380 | $47,791,901 | $72,990,473 | |
| 4Q 2020 | Morrow (University and Fairview) | St. Paul | MN | 243 | 243 | 476,130 | $79,100,713 | $68,486,408 | |
| 4Q 2020 | Jazzie Collins Apartments (53 Colton) | San Francisco | CA | 96 | 96 | 368,640 | $19,058,892 | $52,515,971 | |
| 1Q 2021 | Circle Park Apartments | Chicago | IL | 418 | 418 | 292,010 | $84,895,000 | $163,806,449 | |
| 1Q 2021 | Gateway Apartments | Chicago | IL | 161 | 17 | 382,510 | $43,500,000 | $50,352,486 | |
| 1Q 2021 | Wilder Square | St. Paul | MN | 136 | 136 | 157,100 | $22,909,000 | $33,108,000 | |
| 2Q 2021 | The Couture | Milwaukee | WI | 322 | - | 1,464,510 | $104,745,000 | $159,255,248 | |
| 2Q 2021 | Morningside Court Apartments | Chicago | IL | 171 | 171 | 105,240 | $28,700,000 | $56,425,536 | |
| 3Q 2021 | Granada Senior Apartments | San Antonio | TX | 265 | 265 | 321,480 | $37,000,000 | $63,242,767 | |
| 3Q 2021 | Metro 19 Apartments | Roselle | IL | 295 | - | 570,480 | $65,928,000 | $77,098,874 | |
| 4Q 2021 | 311 West 42nd Street | Manhattan | NY | 330 | 83 | 1,995,680 | $50,000,000 | $337,700,000 | |
| 4Q 2021 | Peregrine Apartments | Minneapolis | MN | 163 | 163 | 363,130 | $55,587,970 | $55,711,262 | |
| 4Q 2021 | The Crest Apartments | Brooklyn Center | MN | 171 | 171 | 192,720 | $25,014,942 | $40,052,670 | |
| 1Q 2022 | Zenith | Duluth | MN | 122 | 13 | 334,360 | $26,682,200 | $49,084,470 | |
| 2Q 2022 | Greenway Apartments | Minneapolis | MN | 86 | 86 | 176,070 | $12,327,300 | $26,847,568 | |
| 2Q 2022 | Rise on 7 | St. Louis Park | MN | 120 | 120 | 264,020 | $35,103,700 | $40,355,688 | |
| 2Q 2022 | Covent Apartments | Chicago | IL | 30 | 30 | 97,930 | $4,900,000 | $17,763,640 | |
| 2Q 2022 | 42nd & Central | Columbia Heights | MN | 62 | 62 | 140,880 | $10,631,900 | $21,899,161 | |
| 2Q 2022 | Edwin Berry Manor Apartments | Chicago | IL | 56 | 56 | 45,010 | $5,752,000 | $12,521,150 | |
| 2Q 2022 | Ladder 260 | Minneapolis | MN | 90 | 90 | 203,510 | $18,219,487 | $34,281,708 | |
| 3Q 2022 | Soul | St. Paul | MN | 178 | 178 | 483,560 | $64,700,959 | $70,470,714 | |
| 3Q 2022 | Marshall Union Manor | Portland | OR | 242 | 242 | 19,010 | $24,437,600 | $24,437,600 | |
| 3Q 2022 | San Cristina | San Francisco | CA | 58 | 58 | 232,130 | $17,472,000 | $49,334,105 | |
| 4Q 2022 | Old Colony Phase 4 | Boston | MA | 104 | 104 | 562,100 | $27,432,000 | $84,684,476 | |
| 4Q 2022 | Old Colony Phase 5 | Boston | MA | 104 | 104 | 478,090 | $25,993,000 | $78,109,976 | |
| 4Q 2022 | Flat 9 at Whittier Phase 3 | Boston | MA | 119 | 107 | 824,920 | $26,645,000 | $125,475,018 | |
| 1Q 2023 | Mildred Hailey 1A | Boston | MA | 100 | 100 | 728,560 | $14,040,000 | $105,275,177 | |
| 1Q 2023 | Mildred Hailey 1B | Boston | MA | 123 | 123 | 611,020 | $16,020,000 | $88,887,626 | |
| 2Q 2023 | Hudson Exchange Phase II | Jersey City | NJ | 802 | - | 4,142,870 | $50,000,000 | - | |
| 3Q 2023 | Labor Retreat Apartments | Minneapolis | MN | 77 | 77 | 47,750 | $11,250,000 | $19,366,543 | |
| 3Q 2023 | Grace Manor Apartments | Chicago | IL | 65 | 65 | 252,230 | $4,094,800 | $30,215,493 | |
| HIT Projects | 32 | 5,650 | 3,456 | 17,844,270 | $1,111,933,364 | $2,231,690,720 | |||
| Commitment/ Construction Start |
Building America CDE, Inc. Projects (HIT Subsidiary) |
City | State | Square Feet |
Total Units |
Affordable Units |
Union Construction Hours |
New Markets Tax
Credits Allocation |
Total Development Cost |
| 4Q 2021 | Destination Crenshaw | Los Angeles | CA | 40,000 | - | - | 198,690 | $8,000,000 | $48,557,521 |
| 4Q 2022 | Pittsburgh Glass Center | Pittsburgh | PA | 27,000 | - | - | 160,040 | $5,000,000 | $12,648,787 |
| 1Q 2023 | Public Health Campus on Cedar | Philadelphia | PA | 448,467 | - | - | 661,180 | $15,000,000 | $89,223,192 |
| Projects Receiving
Building America CDE, Inc. New Markets Tax Credits Allocation |
3 | 515,467 | - | - | 1,019,910 | $28,000,000 | $150,429,500 | ||
| Grand Total | 35 | 5,650 | 3,456 | 18,864,180 | $1,139,933,364 | $2,382,120,220 |
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 September 30, 2023. Economic impact data is in 2022 dollars and all other figures are nominal.
This table provides information about projects financed by the HIT that were pre- or under construction as of the date of this report. Projects are included until they reach permanent loan status. 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. Investors should consider the HIT’s investment objectives, risks, and charges and expenses carefully before investing. This and other information is contained in the HIT’s current prospectus. To obtain a current prospectus, call the HIT at (202) 331-8055 or visit the HIT’s website at www.aflcio-hit.com.