497 1 hitlmpnjho-497_121323.htm DEFINITIVE MATERIALS

 

 

               
  35 $847.5M $1.8B 19.5M 6,286 $4.0B  
  Projects Invested or
Allocated
Total Development
Cost
Hours of Union
Construction
Work
Units of Housing
(30% affordable)
Total Economic
Impact
 

 

         
Project Name City Total
Units
Affordable
Units
Invested/
Allocated (in MM)
         
Barnegat Barnegat 120 120 $4.58
Assisted Living of Berlin Berlin 115 115 $10.43
Cooper Cancer Institute Camden - - $7.00
Woodland Care Center Camden 180 180 $6.11
Assisted Living of Forked River Forked River 104 104 $10.29
Excelsior II Hackensack 268 53 $41.90
Regent Care Center Hackensack 180 180 $8.12
333 River Street (South Waterfront) Hoboken 526 105 $91.24
Hudson Square Hoboken 150 30 $19.85
North Constitution Apartments Hoboken 138 27 $23.43
North Independence Hoboken 185 37 $37.50
North Independence Hoboken - - $8.50
South Constitution Apartments Hoboken 172 34 $28.79
South Independence Hoboken 150 30 $29.06
South Independence Hoboken - - $17.90
Sovereign Apartments Hoboken 261 - $66.00
Sovereign Apartments Hoboken - - $2.00
Columbus Tower Jersey City 392 - $75.00
Hudson Exchange Phase II Jersey City 802   $50.00
Pacific at Newport Jersey City 336 67 $51.24
Southampton at Newport Jersey City 409 82 $46.76
St. Peter’s College (Mac Mahon Student Center) Jersey City - - $10.00

 

Continued…

 

                 
         
  Columbus Tower   333 River Street   North & South Constitution   Pacific at Newport  
  Jersey City   Hoboken   Hoboken   Jersey City  
                 

 

 

 
 
AFL-CIO Housing Investment Trust in New Jersey, continued
 
 

 

         
Project Name City Total
Units
Affordable
Units
Invested/
Allocated (in MM)
         
The Siena Jersey City 220 44 $35.50
Tower of America East Jersey City 444 88 $54.24
Tower of America West Jersey City 315 63 $41.84
Chancery Apartments Morristown 108 21 $12.54
New Brunswick Performing Arts Center New Brunswick - - $7.00
Riverwatch Commons New Brunswick 117 23 $7.95
Halsey Street Teachers Village A Newark 123 123 $10.00
Halsey Street Teachers Village B Newark 82 17 $7.70
Health Center of Bloomingdale Passaic County 120 120 $8.56
NJ AIDS Scattered Housing I Scattered Sites 34 34 $1.00
NJ AIDS Scattered Housing II Scattered Sites 30 6 $0.81
Assisted Living of Vineland Vineland 115 115 $10.20
Voorhees Pediatric Center Voorhees 90 90 $4.47
Grand Total   6,286 1,908 $847.49

 

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 November 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.

The projects shown on this handout 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.

 

  December 2023

 

             
       
  Mac Mahon Student Center   Halsey Street Workforce Housing   Cooper Cancer Institute  
  Jersey City   Newark   Camden