497 1 hitimpmi-497_010324.htm HITIMPMI

 

               
  16 $163.8M $266.9M 2.8M 2,336 $889.8M  
  Projects Invested or
Allocated
Total
Development Cost
Hours of Union
Construction Work
Units of Housing
(57% affordable)
Total Economic
Impact
 

 

Project Name City Total
Units
Affordable
Units
Invested/
Allocated
Total
Development
Cost
         
Windemere Park Apartments Ann Arbor 480 96 $26,374,000 $29,011,400
Anglin Extended Care Detroit 180 180 $5,197,400 $5,717,140
Detroit Home Repair Program Detroit 4 4 $246,000 $430,490
Detroit Home Repair Program 2 Detroit 5 5 $660,114 $694,857
Detroit Manufacturing Systems Detroit - - $8,500,000 $36,928,000
Freelon at Sugar Hill Detroit 68 20 $14,500,000 $35,080,214
Historic New Center Apts. Detroit 104 20 $2,040,000 $2,244,000
Lafayette East Detroit 480 480 $13,714,100 $15,237,889
Residences @ 150 Bagley Apts. Detroit 148 30 $47,791,901 $72,990,473
The School at Marygrove Detroit - - $8,000,000 $27,687,449
Arbor Woods Mobile Home Park Farmington Hills 214 214 $3,627,300 $3,990,030
Village Green on Lake St. Clair Macomb 222 44 $10,340,900 $11,374,990
Wexford Townhouses of Novi Novi 128 26 $8,846,400 $9,731,040
American House at Carpenter Pittsfield Township 102 20 $5,641,300 $6,205,430
Beechwood Manor Home for the Aged St. Clair Shores 98 98 $3,042,200 $3,346,420
Westland Board & Care Westland 103 103 $5,265,000 $6,194,118
TOTAL   2,336 1,340 $163,786,615 $266,863,940

 

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 December 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 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.

 

                 
         
  Historic New
Center House
  Freelon at Sugar Hill   Residences @ 150 Bagley   The School at Marygrove  
  Detroit   Detroit   Detroit   Detroit