AFL-CIO HIT Finances New Home for Medically Compromised Young Adults

Children with complex medical diagnoses and disabilities, many of whom cannot walk, eat, or breathe independently, are often placed in pediatric facilities. However, at age 21, pediatric placement ends for these medically fragile now young adults, and they are transitioned to nursing homes for their continuation of care. The Elizabeth Seton Pediatric Center in Yonkers, New York has determined that since 2012 nearly one third of its former residents pass away within a year after transferring as these nursing facilities are unsuited to provide the constant, highly specialized medical and emotional care required.

This heartbreaking issue gave rise to an unprecedented remedy: the construction of the Elizabeth Seton Young Adult Center. This center will be the first facility of its kind in the nation, serving as an international model and research hub for innovative best practices to assist individuals who survived childhood illnesses and reached adulthood.

The skilled nursing care facility will be located in White Plains, New York and will boast five stories, 110,000 square feet, and 96 beds. The center will provide respiratory and medical care around the clock, rehabilitation therapies, palliative care, and specialty clinics, among other services. The facility will also offer residents opportunities for social interaction, physical and expressive movement, as well as experiences in technology, the arts, music, life skills, cooking, and gardening. The center’s employees will be represented under Elizabeth Seton Pediatric Center’s existing Collective Bargaining Agreement with 1199 SEIU United Healthcare Workers East, AFL-CIO.

The AFL-CIO Housing Investment Trust (HIT) is playing a key role in the center’s development by providing $132.2 million in financing. The investment marks the third collaboration between HIT and Elizabeth Seton Children’s. In 2010, HIT provided financing for the Elizabeth Seton Pediatric Center, the precursor to the Young Adult Center and in 2016, HIT once again provided financing for the expansion of the Pediatric Center.  Time and time again, when Elizabeth Seton Children’s has identified critical gaps in care, HIT has been able to serve as a consistent source of capital to help implement solutions. HIT could not be more honored to support an organization such as Elizabeth Seton Children’s, a pioneering provider of care, education, and hope, changing children’s lives, one child at a time.

HIT staff joined representatives from Elizabeth Seton Children’s, the Westchester Putnam   Building & Construction Trades Council, 1199SEIU United Healthcare Workers East, Westchester-Putnam Central Labor Body and New York government officials, among others, in White Plains for a ground blessing ceremony. The group gathered in prayer as His Eminence Cardinal Dolan, Archbishop of New York, blessed the property where the center will soon be built utilizing 100% union labor. The group also heard from future residents of the Young Adult Center, as well as HIT CEO, Chang Suh.

“HIT is so proud to be providing the financing for this amazing project, the first of its kind,” said Mr. Suh. “HIT’s investors can take pride that Elizabeth Seton Young Adult Center will be built with skilled union construction workers and will employ the best union healthcare professionals. The Center will serve as a home where medically compromised young adults will receive the vital healthcare they require.”

The Elizabeth Seton Young Adult Center will have a profound impact on the community at every stage; from its construction, which will generate quality construction jobs for union workers, to its operation, which will create career opportunities for union healthcare professionals. Most importantly, the center will provide a supportive and specialized home for medically compromised young adults, ensuring they receive the necessary care.

About the HIT:  The HIT is a fixed-income, investment-grade mutual fund with $7.1 billion in net assets. For 40 years, the HIT has been a leader in putting union and public pension capital to work to produce competitive returns and achieve mission-related collateral objectives. Investors should consider 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 by calling HIT Investor Relations at 202-331-8055. Investors should read the current prospectus carefully before investing.

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. The data is current as of June 30, 2025. Economic impact data is in 2024 dollars and all other figures are nominal.