AFL-CIO Housing Investment Trust
10/16/2024 | Press release | Distributed by Public on 10/16/2024 09:18
Sales Literature by Investment Company Form 40 24B2
New York City Key Market
| ECONOMIC IMPACT OF HIT-FINANCED PROJECTS IN NEW YORK CITY | ||||||
| In 2023 Dollars, Since Inception* | ||||||
| 79 | $2.1B | $8.0M | $5.3B | 45,348 | ||
| Projects | HIT Investment Amount |
Building America NMTC Allocation |
Total Development Cost |
Housing Units Created or Preserved (91% affordable) |
||
| $6.3B | 26.2M | 29,358 | $3.0B | $407.1M | ||
|
Total Economic Impact |
Hours of Union Construction Work |
Jobs Across Industries |
Total Wages and Benefits |
State and Local Tax Revenue Generated |
||
*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 September 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.