AFL-CIO Housing Investment Trust
AFL-CIO Housing Investment Trust
15/11/2024 | Press release | Distributed by Public on 15/11/2024 16:03
Prospectus by Investment Company - Form 497
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25 Projects |
$279.1M Invested or Allocated |
$427.3M Total Development Cost |
5.4M Hours of Union Construction Work |
3,978 Units of Housing (55% affordable) |
$1.1B Total Economic Impact |
| Project Name | City |
Total Units |
Affordable Units |
Invested/ Allocated (in MM) |
| Ambassador Nursing Home | East Cleveland | 154 | 154 | $4,387,300 |
| Aurora Manor | Portage | 100 | 100 | $3,847,630 |
| Bath Manor | Akron | 150 | 150 | $5,145,634 |
| Berkley Park at New Albany | Columbus | 180 | 180 | $13,050,200 |
| Bingham Apartments | Cleveland | 340 | 68 | $45,634,900 |
| Bryden House | Columbus | 160 | 32 | $2,865,000 |
| Crittenden Court | Cleveland | 208 | 41 | $12,395,200 |
| L&O Care II | Beachwood | 274 | 274 | $11,190,400 |
| Leo E. Dugan Apartments | Cuyahoga Falls | 70 | 70 | $2,332,100 |
| Marshall Building/Magnate Building | Cleveland | 41 | 8 | $4,211,200 |
| Mayfield Manor I | Canton | 144 | 144 | $9,858,800 |
| Normandy Manor | Rocky River | 150 | 150 | $5,908,300 |
| Otis Building | Cleveland | 249 | 50 | $28,152,700 |
| Pinzone Towers | Rocky River | 100 | 100 | $6,583,800 |
| Project 29 (Church + State) | Cleveland | 158 | - | $39,000,000 |
| Quay 55 Apartments | Cleveland | 139 | 27 | $21,098,500 |
| Silver Meadow Apartments | Kent | 444 | 89 | $10,247,940 |
| Somerset Point Nursing Home | Shaker Heights | 50 | 50 | $7,444,399 |
| The Glendale/Chelmsford Bd & Care | Toledo | 75 | 75 | $1,900,000 |
| The Greens | Lyndhurst | 248 | 248 | $14,204,824 |
| Toledo Innovation Center | Toledo | - | - | $10,000,000 |
| Villa West Nursing | Monclova | 100 | 100 | $2,491,700 |
| Wayman Palmer (Toledo) YMCA Community Hub | Toledo | - | - | $8,000,000 |
| Westway Gardens | Elyria | 300 | 60 | $3,845,000 |
| YMCA of Cleveland | Cleveland | 144 | 28 | $5,281,900 |
| Grand Total | 3,978 | 2,198 | $279,077,427 |
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 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.
The projects shown on this handout 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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1227 25th Street, NW Suite 500 | Washington, DC 20037 | 202.331.8055 www.aflcio-hit.com |