497 1 hitimny-497_020124.htm HITIMNY

 

 

  City/Project Total
Units		 Affordable
Units		 Invested/
Allocated		 TDC
  Bronx        
  1490 Southern Boulevard 115 115 $35,000,000 $59,120,711
  Academy Gardens 469 469 $64,800,000 $64,800,000
  Amalgamated Housing Cooperative 1,486 1,486 $13,000,000 $13,000,000
  Betances Residence 152 152 $52,000,000 $98,000,000
  Bronx Center for Rehab & Healthcare 200 200 $12,192,100 $18,200,000
  Daly Avenue Apartments 84 42 $2,890,000 $15,940,100
  Eastchester Rehab & Healthcare 200 200 $9,974,900 $11,470,000
  HDC Mitchell-Lama Pool: Kingsbridge Arms 105 105 $658,119 $3,570,000
  HDC Mitchell-Lama Pool: Scott Tower 352 352 $2,405,108 $13,270,000
  HDC Mitchell-Lama Pool: Woodstock Terrace 319 319 $1,936,773 $10,391,000
  Mount Hope 497 497 $2,875,000 $31,170,000
  Sebco I 182 182 $12,846,000 $12,846,000
  Sebco II 179 179 $12,307,000 $12,307,000
  Stevenson Commons 379 379 $980,000 $60,860,000
  Workmen's Circle — — $51,706,100 $66,000,000
  Workmen's Circle (Increase) 524 524 $14,600,000 $14,600,000
  Workmen's Circle (2008) — — $5,507,900 $5,507,900
  Brooklyn        
  33 Bond Street (2016 Bonds) 144 144 $18,300,000 $54,320,000
  33 Bond Street (2017 Bonds) 491 — $20,000,000 $287,120,000
  Amalgamated Warbasse Houses 2,583 2,583 $33,393,400 $37,103,778
  Amalgamated Warbasse Houses (2003) 2,583 2,583 $10,300,000 $10,300,000
  Amalgamated Warbasse Houses (2013) 2,583 2,583 $89,000,000 $89,000,000
  Bedford Gardens 647 647 $39,201,800 $39,201,800
  Brooklyn Crossing (18 Sixth Avenue at Pacific Park) 858 257 $100,000,000 $710,000,000
  Harry Silver Housing Corporation 288 288 $8,000,000 $8,000,000
  Haym Salomon Nursing Home 240 240 $30,509,300 $33,787,426
  Mitchell-Lama Pool: Cadman Tower 422 422 $8,051,087 $8,051,087
  Mohawk Hotel/ Mohawk Apartments 86 17 $6,759,401 $7,435,341
  NYCHA Bonds: The Bay View 1,610 1,610 $5,275,446 $60,973,580
  NYCHA Bonds: The Boulevard 1,423 1,423 $9,615,000 $12,500,000
  Buffalo        
  Northland Central — — $9,000,000 $110,590,381
  Roswell Park Cancer Institute Clinical Sciences Center — — $9,200,000 $46,380,142
  Kingston        
  Hudson River Valley Care Center 280 56 $41,094,000 $48,700,000
  Long Island        
  Glengariff 262 262 $3,717,605 $4,089,366
  Larkfield Gardens Adult Homes 200 200 $20,599,900 $22,659,890
  Middletown Park Manor Nursing Rehabilitation and Health Care Center 250 250 $9,134,000 $10,047,400
  Park Avenue Extended care 240 48 $25,665,400 $28,517,111
  Spruce Pond Apartments 225 45 $23,001,800 $25,557,556
  Townhouse Extended Care 280 280 $27,335,601 $30,116,300

 

  continued

 

 

 

 

 

HIT’s New York Impact Investing (Inception – December 31, 2023), continued

 

    Total Affordable Invested/ TDC
  City/Project Units Units Allocated  
           
  Manhattan        
  311 West 42nd Street 330 83 $50,000,000 $337,700,000
  33 West End Apartment 211 100 $14,000,000 $68,000,000
  475 9th Avenue (Hudson Crossing) 259 51 $10,000,000 $73,900,000
  606 West 57th St. (2016 Bonds) 206 206 $31,000,000 $108,742,105
  606 West 57th St. (2017 Bonds) 476 20 $20,000,000 $275,384,620
  606 West 57th St. (2018 Bonds) 266 32 $30,000,000 $153,157,894
  Clinton Manor 241 234 $93,650,000 $93,650,000
  CUNY Graduate Center Housing 77 12 $9,832,000 $28,766,797
  Gateway Plaza 1,712 1,712 $38,141,700 $38,141,700
  General Chauncey M. Hooper Tower 75 75 $5,575,200 $5,575,200
  Lands End II 490 488 $90,000,000 $175,000,000
  Logan Plaza Apartments 130 26 $8,560,000 $10,700,000
  Lower East Side Apartments 152 151 $22,120,000 $22,120,000
  Manhattan West (West End Towers) 143 28 $23,000,000 $25,300,000
  Mannie Wilson 102 102 $16,400,000 $16,400,000
  Mitchell-Lama Pool: East Midtown Plaza 746 746 $5,951,632 $5,951,632
  Mitchell-Lama Pool: Ruppert House Coop 652 652 $5,829,209 $5,829,209
  Mitchell-Lama Pool: Tower West 217 217 $1,139,647 $1,139,647
  New York Presbyterian Hospital — — $40,000,000 $71,680,000
  Penn South Cooperative 2,820 2,820 $33,000,000 $33,000,000
  Penn South Cooperative (2011) 2,820 2,820 $134,000,000 $151,000,000
  Penn South Cooperative (2017) 2,820 2,820 $55,000,000 $191,000,000
  Penn South Cooperative (supplemental) — — $45,000,000 $45,000,000
  Seward Park Cooperative 1,728 1,728 $20,200,000 $20,200,000
  The Dempsey 80 80 $15,000,000 $26,363,400
  The Douglass - Building C 70 70 $9,500,000 $31,200,759
  The Ludlow 243 62 $75,058,000 $75,058,000
  The Renaissance 241 180 $12,500,000 $28,000,000
  West 135th Street (LIHTC Cluster) 110 110 $3,800,000 $3,800,000
  West Village Houses 420 420 $40,000,000 $42,000,000
  Queens        
  Big Six Towers 983 983 $7,760,000 $11,600,000
  City Lights - Queens West 522 104 $85,621,900 $95,135,444
  Electchester Housing Companies 2,399 2,399 $49,000,000 $49,000,000
  Elmhurst Care Center 240 240 $29,885,253 $35,159,121
  Flushing Manor Geriatric Center 299 299 $33,889,136 $39,869,572
  Hunter’s Point South - Building A 619 619 $8,265,000 $232,950,050
  Hunter’s Point South B 306 306 $5,000,000 $16,025,000
  Joseph P. Addabbo Family Health Center — — $8,000,000 $23,420,528
  Mitchell-Lama Pool: Goodwill Terrace 208 208 $1,028,425 $1,028,425
  Queens Boulevard Extended Care 280 280 $28,902,700 $31,792,970
  Queens Family Courthouse ( Moda) 346 166 $10,000,000 $165,303,344
  The Gateway Apartment 365 365 $10,000,000 $36,019,000
  Staten Island        
  NYCHA Bonds: The Stapleton 693 693 $6,414,554 $29,621,000
  Yonkers        
  Elizabeth Seton Pediatric Center 137 137 $100,000,000 $115,557,020
  Elizabeth Seton Pediatric Center II 32 32 $18,300,000 $21,130,584

 

 

The projects shown on this table 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.

 

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 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.