497 1 hitohimp331-497_060424.htm DEFINITIVE MATERIALS

 

 

HIT’s Ohio Impact Investing

(Since Inception – 3/31/24) 

 

               
  25 $279.1M $427.3M 5.4M 3,978 $1.1B  
  Projects Invested or
Allocated
Total Development
Cost
Hours of Union
Construction
Work
Units of Housing
(55% affordable)
Total Economic
Impact
 

 

  Project Name City Total
Units
Affordable
Units
Invested/
Allocated (in MM)
 
  Ambassador Nursing Home East Cleveland 154 154 $4,387,300  
  Aurora Manor Portage 100 100 $3,847,630  
  Bath Manor Akron 150 150 $5,145,634  
  Berkley Park at New Albany Columbus 180 180 $13,050,200  
  Bingham Apartments Cleveland 340 68 $45,634,900  
  Bryden House Columbus 160 32 $2,865,000  
  Crittenden Court Cleveland 208 41 $12,395,200  
  L&O Care II Beachwood 274 274 $11,190,400  
  Leo E. Dugan Apartments Cuyahoga Falls 70 70 $2,332,100  
  Marshall Building/Magnate Building Cleveland 41 8 $4,211,200  
  Mayfield Manor I Canton 144 144 $9,858,800  
  Normandy Manor Rocky River 150 150 $5,908,300  
  Otis Building Cleveland 249 50 $28,152,700  
  Pinzone Towers Rocky River 100 100 $6,583,800  
  Project 29 (Church + State) Cleveland 158 $39,000,000  
  Quay 55 Apartments Cleveland 139 27 $21,098,500  
  Silver Meadow Apartments Kent 444 89 $10,247,940  
  Somerset Point Nursing Home Shaker Heights 50 50 $7,444,399  
  The Glendale/Chelmsford Bd & Care Toledo 75 75 $1,900,000  
  The Greens Lyndhurst 248 248 $14,204,824  
  Toledo Innovation Center Toledo $10,000,000  
  Villa West Nursing Monclova 100 100 $2,491,700  
  Wayman Palmer (Toledo) YMCA Community Hub Toledo $8,000,000  
  Westway Gardens Elyria 300 60 $3,845,000  
  YMCA of Cleveland Cleveland 144 28 $5,281,900  
  Grand Total   3,978 2,198 $279,077,427  

 

 

 

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 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.

 

 

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