497 1 hitprimpho1223-497_011024.htm DEFINITIVE MATERIALS

 

 

 

PROJECT IMPACTS PROJECTS
(1984–PRESENT*)  

 

$45.6B $19.2B $6.0B
total economic
benefits
personal income including wages
and benefits, with $9.8 billion
for construction workers
tax revenues
($1.9 billion state/local
and $4.1 billion federal)
206.0M 232.6K 127.8K
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 December 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 862 1,734,250
Bricklayers (including tile setters) 6,272 12,615,810
Carpenters 18,601 37,456,460
Cement Masons 3,872 7,718,270
Electrical Workers 15,569 31,295,900
Elevator Constructors 818 1,641,810
Insulators 1,270 2,554,240
Ironworkers 2,827 5,686,790
Laborers 13,672 27,476,140
Operating Engineers 3,725 7,486,770
Other 7,486 15,045,600
Painters 8,041 16,166,600
Plumbers 11,289 22,692,640
Roofers 3,314 6,663,770
Sheet Metal Workers 3,282 6,598,210
Teamsters 1,596 3,208,420
Grand Total 102,497 206,041,680

 

*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. 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.