497 1 hitmistli0323_497-032323.htm DEFINITIVE MATERIALS

 

58

Projects

12

Cities Across
Massachusetts

$931.5M

Invested or
Allocated

19.6M

Hours of Union
Construction Work

6,425

Units of Housing
(89% affordable)

$4.9B

Total Economic
Impact 

 

 

 

 

City/ Project Total Units Commitment/
Allocation
TDC
Attleboro 160 $2,503,600 $9,591,445
Hope Gardens 160 $2,503,600 $9,591,445
Boston 4,782 $798,567,898 $2,061,602,457
95 Saint 115 $51,940,400 $66,685,759
225 Centre Street 103 $15,415,000 $53,160,520
Adams Square Assisted Living 100 $8,049,700 $8,854,670
Back of the Hill 125 $4,000,000 $27,356,765
Bay View Residence 67 $4,048,894 $4,453,783
Blackstone Apartments 145 $42,804,660 $72,800,962
Boston Back Bay Board & Care 85 $8,985,400 $9,883,940
Building 104 46 $3,969,000 $4,365,900
Casa Maria Apartments 85 $2,000,000 $21,749,710

Charlesview Apartments

240 $58,200,000 $152,000,000
Concord Street Elderly Housing (Anna Bissonnette House) 41 $500,000 $5,641,870
Cote Village 76 $20,116,000 $49,049,428
Dudley Municipal Center  - $7,500,000 $115,853,503
Franklin Hill 1B 24 $300,000 $12,491,787
Franklin Park Apartments 220 $25,672,000 $34,000,000
Franklin Square Apartments 193 $47,330,000 $75,462,270
Georgetowne Homes One 601 $70,392,000 $201,565,948
Georgetowne Homes Two 366 $45,456,000 $123,637,753
Hemenway Apartments  183 $3,750,969 $14,370,193
Horizons Watermark - $8,000,000 $63,342,427
Lowell Square/West End Place 183 $12,122,000 $31,737,494
Lucerne Gardens 48 $1,050,000 $1,155,000
Maverick Landing 92 $2,016,630 $28,758,581
Mildred Hailey 1A 100 $14,040,000 $105,275,177
Mildred Hailey 1B 123 $16,020,000 $88,887,626
Oak Street Terrace 88 $5,016,300 $5,517,930
Old Colony Phase One 116 $26,700,000 $56,844,708
Old Colony Phase Three A 135 $47,880,000 $64,040,973
Old Colony Phase Three B 115 $42,449,000 $61,054,733
Old Colony Phase Three C 55 $36,430,000 $26,506,507
Old Colony Phase Two A 45 $12,435,000 $22,211,272
City/ Project Total Units

Commitment/

Allocation

TDC
Boston (continued)
Old Colony Phase Two B 84 $21,050,000 $39,236,796
Old Colony Phase 4 104 $27,432,000 $84,684,476
Old Colony Phase 5 104 $25,993,000 $78,109,976
Rollins Square 184 $30,215,245 $46,800,000
South Cove Manor 100 $4,033,700 $4,437,070
The Carruth 116 $5,110,000 $48,624,416
Washington Beech 56 $13,500,000 $25,517,516
Whittier Street Apartments Phase 3 119 $26,645,000 $125,475,018
Cambridge 135 $22,500,000 $34,668,000
University Park at MIT 135 $22,500,000 $34,668,000
Chelsea 82 $5,408,000 $5,948,800
Cottage Manor Nursing Home 82 $5,408,000 $5,948,800
Holyoke - $5,600,000 $79,098,921
Massachusetts Green High Performance      
Computing Center  - $5,600,000 $79,098,921
Lynn 141 $20,374,290 $34,694,857
Gateway North 71 $19,444,000 $31,130,857
Rolfe House 70 $930,290 $3,564,000
Mashpee 56 $2,440,055 $9,348,000
Asher's Path 56 $2,440,055 $9,348,000
New Bedford 129 $16,420,000 $31,195,797
Regency Tower 129 $16,420,000 $31,195,797
Newburyport 101 $1,760,086 $6,743,000
Heritage House 101 $1,760,086 $6,743,000
Quincy 223 $5,450,000 $47,288,011
Squantum Gardens 223 $5,450,000 $47,288,011
Springfield - $9,000,000 $21,561,650
Caring Health Center  - $9,000,000 $21,561,650
Various Cities 500 $27,235,000 $27,235,000
MassHousing Pooled Deals 500 $27,235,000 $27,235,000
Worcester 116 $14,234,417 $45,274,622
Bet Shalom I 71 $4,114,417 $4,571,574
Hadley Building Apartment 45 $1,120,000 $15,827,868
YWCA of Central Massachusetts  - $9,000,000 $24,875,180
Total 6,425 $931,493,346 $2,414,250,560

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 since inception, 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.

 

The projects shown here 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.

 

 

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