0001387131-23-012469.txt : 20231020 0001387131-23-012469.hdr.sgml : 20231020 20231020153833 ACCESSION NUMBER: 0001387131-23-012469 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231020 DATE AS OF CHANGE: 20231020 EFFECTIVENESS DATE: 20231020 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: 231337077 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 hitkmnycho-497_101923.htm DEFINITIVE MATERIALS

 

New York City Key Market

 

 

ECONOMIC IMPACT OF HIT-FINANCED PROJECTS IN NEW YORK CITY

In 2022 Dollars, Since Inception*

 

75

 

Projects

 

$2.0B

 

HIT Investment Amount

 

$8.0M

 

Building America NMTC
Allocation

 

$4.9B

 

Total Development Cost

 

44,467

 

Housing Units Created or
Preserved
(92% affordable)

 

  
  $6.1B 26.2M 29,358 $2.9B $393.9M  
  Total Economic Impact Hours of Union
Construction Work		 Jobs Across Industries Total Wages and Benefits State and Local Tax
Revenue Generated		  
             

 

*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.

 

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.