| PROJECT IMPACTS |  |
PROJECTS |
| (1984–PRESENT*) |
 |
 |
 |
 |
| $43.3B | $18.0B | $5.7B | |
| total
economic benefits |
personal
income including wages and benefits, with $9.2 billion for construction workers |
tax revenues ($1.8 billion state/local and $3.9 billion federal) |
|
 |
 |
 |
|
| 196.7M | 221.8K | 125.1K | |
| hours
of on-site union construction work created |
total
jobs generated across communities |
housing
and healthcare units nationwide, with 67% affordable |
|
“By financing development projects built with 100% union labor, the HIT invests in assets which are more likely to be built safely, on time and on budget. When these same developments are built with our affiliates’ pension capital, it reinforces the health of our pension funds.”
Sean McGarvey President, North America’s Building Trades Unions Trustee, AFL-CIO Housing Investment Trust
*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. |
|||
HELPING BUILD AMERICA—THE UNION WAY
JOBS CREATED BY TRADE SINCE INCEPTION*
| Trade Type | Jobs | Hours |
| Boilermakers | 850 | 1,711,470 |
| Bricklayers (including tile setters) | 6,134 | 12,336,770 |
| Carpenters | 17,742 | 35,729,330 |
| Cement Masons | 3,702 | 7,376,960 |
| Electrical Workers | 14,827 | 29,804,010 |
| Elevator Constructors | 729 | 1,461,670 |
| Insulators | 1,225 | 2,462,880 |
| Ironworkers | 2,748 | 5,528,120 |
| Laborers | 12,880 | 25,882,610 |
| Operating Engineers | 3,526 | 7,084,740 |
| Other | 7,193 | 14,457,030 |
| Painters | 7,721 | 15,523,360 |
| Plumbers | 10,776 | 21,661,330 |
| Roofers | 3,197 | 6,429,150 |
| Sheet Metal Workers | 3,109 | 6,249,530 |
| Teamsters | 1,511 | 3,038,230 |
| Grand Total | 97,871 | 196,737,190 |
| * | 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. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055 or by viewing the HIT’s website at www.aflcio-hit.com. The prospectus should be read carefully before investing. |
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