AFL-CIO Housing Investment Trust
09/25/2024 | Press release | Distributed by Public on 09/25/2024 12:42
Prospectus by Investment Company - Form 497
|
HIT's California Impact Investing (Since Inception - 6/30/24) |
| 32 | 12 | $563.6M | 12.2M | 4,504 | $2.8B | ||
| Projects |
Cities Across California |
Invested or Allocated |
Hours of Union Construction Work |
Units of Housing (43% 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 | ||||||||
| National City | 94 | 94 | $27,241,874 | $85,488,798 | ||||||||
| Union Tower | 94 | 94 | $27,241,874 | $85,488,798 | ||||||||
| 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 | 4,504 | 1,955 | $563,645,149 | $1,117,711,306 |
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 June 30, 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 listed above 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.
|
1227 25th Street, NW Suite 500 | Washington, DC 20037 | 202.331.8055 www.aflcio-hit.com |