AFL-CIO Housing Investment Trust
11/01/2024 | Press release | Distributed by Public on 11/01/2024 13:34
Prospectus by Investment Company - Form 497
| SEPTEMBER 2024 | HIT's Impact In Minnesota since inception (1984)* | ||||||
| 113 | 37 | $1.9B | 26.6M | 14,796 | $6.6B | ||
| Projects | Cities Across | Invested | Hours of Union | Units of Housing | Total Economic | ||
| Minnesota | Capital | Construction Work | (50% affordable) | Impact |
*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.
| 1227 25th Street, NW | Suite 500 | Washington, DC 20037 | 202.331.8055 | www.aflcio-hit.com |
| HIT Minnesota Projects Since Inception (1984) |
| CITY/PROJECT | CITY/PROJECT | CITY/PROJECT | ||
| Anoka - 213 Units (20% affordable) | Grand Rapids - 101 Units (19% affordable) | Mounds View - 74 Units (19% affordable) | ||
| Engles Estates | Colony Square Cooperative | Realife Cooperative of Mounds View | ||
| The American Cooperative of Anoka | Grand Itasca Clinic & Hospital | New Brighton - 106 Units (20% affordable) | ||
| Apple Valley - 58 Units | Hastings - 107 Units (100% affordable) | Meadowood Shores | ||
| Zvago Cooperative at Central Village | Haven Homes | Plymouth - 526 Units (40% affordable) | ||
| Blaine - 87 Units (81% affordable) | Hermantown - 168 Units (20% affordable) | Creekside Apartments | ||
| Blaine Town Square Senior Housing | The Meadows Townhomes | Fernbrook Townhomes | ||
| Bloomington - 287 Units (54% affordable) | Inver Grove Heights - 634 Units (17% affordable) | Regent at Plymouth | ||
| Applewood Pointe of Bloomington at Southtown | Babcock Trail Townhomes | Stone Creek Village | ||
| Cadence Apartments (Old Cedar) | Gramercy Park of St. Paul | Richfield - 403 Units (20% affordable) | ||
| Realife Cooperative of Bloomington | Inver Glen Senior Housing | Gramercy Park Cooperative | ||
| Summerhill Coop of Bloomington | Salem Green Apartments | The Chamberlain | ||
| Brooklyn Center - 171 Units (100% affordable) | Lakeville - 89 Units | Robbinsdale - 198 Units | ||
| The Crest Apartments | Estoria Cooperative of Lakeville | Parker Station Flats | ||
| Brooklyn Park - 99 Units (19% affordable) | Mankato - 95 Units (20% affordable) | Rochester - 151 Units (100% affordable) | ||
| Realife of Brooklyn Park | Colonial Manor | Fontaine Towers | ||
| Burnsville - 386 Units (52% affordable) | Maple Grove - 264 Units (20% affordable) | Roseville - 48 Units | ||
| Parkway Coop of Burnsville | Longstreet Apartments | Applewood Pointe of Roseville at Langton Lake | ||
| Realife Cooperative of Burnsville | Maplewood - 116 Units (10% affordable) | St. Louis Park - 635 Units (29% affordable) | ||
| Summit Townhomes | Beaver Creek/Pondview | Ellipse on Excelsior | ||
| Wyngate Townhomes | The American Cooperative at Lake Phalen | Excelsior & Grand Apartments | ||
| Chaska - 117 Units (50% affrodable) | Minneapolis - 4,790 Units (72% affordable) | Parkwood Shores Assisted Living Facility | ||
| Clover Field Market Place | 1500 Nicollet | Rise on 7 | ||
| Columbia Heights - 62 Units (100% affordable) | 1900 Central/VOA Senior Housing | St. Paul - 2,223 Units (60% affordable) | ||
| 42nd & Central | Bassett Creek Apartments | 333 on the Park | ||
| Coon Rapids - 251 Units (22% affordable) | Cecil Newman Apartments | Brandt Jens Kluge | ||
| Riverdale Station East | City Walk - Walkway Uptown Apartments | Landmark Tower | ||
| Riverdale Station West | Five 15 on the Park | Marian Center of St. Paul | ||
| Duluth - 449 Units (21% affordable) | Flo Co Fusion | Morrow (University and Fairview) | ||
| Bay Point Estates Apts. | Gateway Northeast | Phalen Senior Lofts | ||
| Gramercy Park Duluth | Green on Fourth Apartments | Pioneer Apartments | ||
| Mount Royal Pines III | Heritage Landing | Sibley Park Apartments | ||
| The District Flats at Miller Hill | Heritage Park III | Soul | ||
| Zenith | Labor Retreat | The Penfield | ||
| Zvago Cooperative at Lake Superior | Ladder 260 | Union Flats | ||
| Eden Prairie - 793 Units (31% affordable) | Lake Street Apartments | University & Dale | ||
| Eden Lake Townhomes | Park Plaza/Olson Court | West Side Flats Apartments | ||
| Elevate at Southwest Station | Peregrine Apartments | Wilder Square | ||
| Hills of Eden Prairie | Plymouth Townhomes | Winnipeg Apartments | ||
| Realife Cooperative of Valley View | Riverside Plaza Apartments | Zvago Cooperative at St. Anthony Park | ||
| Regency Park | Seward Towers East and West | Stillwater - 48 Units | ||
| Summerhill Coop of Eden Prairie | Solhem Apartments (Uptown House) | Zvago Cooperative at Stillwater | ||
| Summit Place ALF | St. Anthony Mills Apartments | West St. Paul - 97 Units (20% affordable) | ||
| Summit Place Apartments | The Jourdain | Realife Cooperative of West St. Paul | ||
| Edina - 90 Units (100% affordable) | The LaSalle | White Bear Lake - 60 Units (20% affordable) | ||
| Yorkdale Terrace Townhomes | The Midwell (Greenway Apartments) | Lakewood Place Apartments | ||
| Falcon Heights - 300 Units (62% affordable) | Wellstone Apartments | Woodbury - 282 Units (23% affordable) | ||
| Amber Union | Minnetonka - 218 Units (15% affordable) | Sundance at Settler's Ridge | ||
| Falcon Heights Mixed Income | Waterstone Place Apartments | Woodland Elders Assisted Living | ||
| Falcon Heights Town Square - Seniors | Zvago Cooperative at Glen Lake |
The projects shown on this table 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.
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 collect at 202-331-8055. Investors should read the current prospectus carefully before investing.