497 1 hitkil-497_041224.htm DEFINITIVE MATERIALS

 

 

MARCH 2024 Helping Build Illinois—The Union Way The AFL-CIO Housing Investment Trust builds on nearly 40 years of experience investing union capital responsibly to deliver competitive returns to its participants while generating union construction jobs, affordable housing, and economic and fiscal impacts that benefit the communities where union members live and work. Economic and Fiscal Impacts of the HIT-Financed Projects in Illinois 120 $1.7B $3.9B 36.1M 22,339 Projects Invested or Allocated Total Development Cost Hours of Union Construction Work Housing Units Created or Preserved $7.8B 39,966 $3.2B $345.7M 69% Total Economic Impact Total Jobs Across Industries Total Wages and Benefits State and Local Tax Revenue Generated Percent Affordable PROJECT PROFILE: METRO 19 APARTMENTS The HIT provided $65.9 million in financing for the $77.1 million new construction of the 295-unit project in Roselle. This project will create an estimated 570,480 hours of union construction work. PROJECT PROFILE: IMANI VILLAGE SENIOR RESIDENCES The HIT provided $2.2 million in financing for the $27.1 million new construction of the 70-unit (100% affordable)Imani Village Senior Residences in Chicago. This project will create an estimated 247,830 hours of union construction work. continued 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, 2024. Economic impact data is in 2023 dollars and all other figures are nominal.

 

 

 

 

Helping Build Illinois —The Union Way MARCH 2024 400 Lake Shore —Chicago Southern Hills/Orlando—Decatur Parkway Lakeside Apartments—O’Fallon “ We appreciate HIT’s commitment to and support of union construction at numerous projects that have put our members to work for nearly 30 years and recognize the benefits this commitment has provided to the workers and the community.” —Michael Macellaio, President Chicago and Cook County Building Construction Trades Council HIGHLIGHTS OF ILLINOIS INVESTMENTS Project Location HIT Investment TDC Construction Work Hours 400 Lake Shore Chicago $55,000,000 $543,305,000 3,316,100 6900 South Crandon Apartments Chicago $16,836,000 $46,975,331 130,890 Grace Manor Apartments Chicago $4,109,600 $30,215,493 252,230 Imani Village Senior Residences Chicago $2,171,000 $27,085,749 247,830 South Shore HHDC Apartments Chicago $17,536,400 $44,053,288 140,900 Southern Hills/Orlando Decatur $21,810,000 $40,873,063 109,000 Evanston Senior Redevelopment Evanston $3,400,000 $24,164,944 281,520 Liberty Meadows Estates, Phase II Joliet $2,100,000 $8,126,827 82,610 Parkway Lakeside Apartments O’Fallon $26,094,000 $28,160,111 295,180 Metro 19 Apartments Roselle $65,928,000 $77,098,874 570,480 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, 2024. Economic impact data is in 2023 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 table may not reflect HIT’s current portfolio for any or all ofthe 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. 1227 25th Street, NW | Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com