08/12/2024 | Press release | Distributed by Public on 08/12/2024 11:34
Bay Area Initiative
BAY AREA ECONOMIC IMPACT OF INVESTMENTS |
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(2020 - Present) |
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3 Number of Projects |
$88.5M HIT Investment Amount |
$223.8M Total Development Cost |
347
Housing Units Created or |
202
Low and Moderate |
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$500.2M | 1.4M | 2,412 | $83.0M | 58% | ||
Total Economic Impact |
Hours of Construction Work Generated |
Total Jobs Created |
State, Local and Federal Tax Revenue Generated |
Percent Affordable | ||
*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 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.