497 1 hitimpca331-497_033124.htm HITIMPCA331

 

HIT’s California Impact Investing

(Since Inception – 3/31/24) 

 

               
  31 11 $536.4M 11.7M 4,410 $2.7B  
  Projects Cities Across
California
Invested or
Allocated
Hours of Union
Construction
Work
Units of Housing
(42% affordable)
Total Economic
Impact
 

 

City/ Project Names  Total Units  Affordable Units  Commitment/
Allocation
  TDC
Alameda  119   119   $5,967,100   $6,563,810 
Water Edge  119   119   $5,967,100   $6,563,810 
Carmichael  126   126   $4,748,800   $5,223,680 
Carmichael Convalescent Hospital  126   126   $4,748,800   $5,223,680 
Cloverdale  54   54   $1,543,461   $1,697,807 
Cloverdale (Kings Valley)  54   10   $1,543,461   $1,697,807 
Los Angeles  157   58   $11,457,624   $72,537,934 
Destination Crenshaw  -   -   $8,000,000   $48,557,521 
Kilgore Manor  52   10   $1,257,700   $1,383,470 
Main Street Housing / Umoja  30   30   $1,016,160   $6,496,943 
Rio Vista Village  75   18   $1,183,764   $16,100,000 
Menlo Park  138   27   $12,195,000   $13,414,500 
Glenwood Inn  138   27   $12,195,000   $13,414,500 
Sacramento  350   350   $22,320,000   $24,552,000 
Cottage Park Place  175   175   $11,160,000   $12,276,000 
Gramercy Court  175   175   $11,160,000   $12,276,000 
Salinas  200   200   $16,820,900   $43,348,674 
Gabilan Plaza Phase I & II Apartments  200   200   $16,820,900   $43,348,674 
San Diego  145   29   $11,664,300   $12,830,730 
Woodcrest  145   29   $11,664,300   $12,830,730 
San Francisco  2,007   588   $370,242,190   $729,284,950 
101 Polk (The Civic)  162   19   $58,084,400   $82,847,679 
333 Harrison Apartments  326   49   $70,001,400   $105,000,000 
Alemany Plaza (Ocean View Terrace)  400   80   $60,000,000   $96,332,885 
Arc Light Apartments  94   19   $32,462,900   $47,948,451 
Bernal Gateway  55   55   $5,406,536   $14,300,000 
Heritage Homes  148   33   $8,831,062   $29,430,729 
Jazzie Collins Apartments (53 Colton)  96   96   $19,058,892   $52,515,971 
One Embarcadero South  233   46   $42,000,000   $46,666,667 
Potrero Launch Apartments  196   39   $2,585,000   $80,400,000 
Putnam-Tompkins/Market Heights  46   46   $2,340,000   $2,574,000 
San Cristina  58   58   $17,472,000   $49,334,105 
Ventana Residences  193   48   $52,000,000   $121,934,463 
San Jose  974   326   $74,598,200   $117,438,153 
Almaden Lake Village  250   50   $22,250,000   $24,722,222 
Casa del Pueblo Apartments  165   165   $24,982,000   $62,613,111 
Country Club Villa  313   62   $17,403,200   $19,143,520 
Rincon de los Esteros  246   49   $9,963,000   $10,959,300 
San Leandro  140   28   $4,845,700   $5,330,270 
Cherry Blossom Inn I  70   14   $4,463,700   $4,910,070 
Cherry Blossom Inn II  70   14   $382,000   $420,200 
Grand Total  4,410   1,861   $536,403,275   $1,032,222,508 

 

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 map 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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www.aflcio-hit.com