Bay Area

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Economic Impact of HIT-Financed Projects in the Bay Area

In 2022 Dollars, Since Inception*

Projects
$M

HIT Investment Amount
$M

Total Development Cost
M

Hours of Union Construction Work
Housing Units Created or Preserved

$B

Total Economic Impact
Total Jobs Across Industries
$M

Total Wages and Benefits
$B

State and Local Tax Revenue Generated
%

Percent Affordable

HIT @ WORK IN THE BAY AREA

Bay Area Investments

Jazzie Collins Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $52.5 million construction of Jazzie Collins Apartments. Located in San Francisco’s South of Market n... View

Ventana Residences The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $121.9 million new construction of the Ventana Residences, a Class A development featuring 193 mixed-... View

Casa del Pueblo The Casa del Pueblo apartment project, located in in the Central Business District of San Jose, California, was the $62.6 million substantial rehabilitation of a 165-unit... View

San Cristina The AFL-CIO HIT is helping to finance the $49.3 million rehabilitation of San Cristina, an affordable housing development located in San Francisco, California. View

The Bay Area faces an affordable housing crisis. The HIT’s mission of building affordable housing using union labor means addressing this social need while creating quality jobs, ensuring working families can afford to live in our community.”
— Rudy Gonzalez Secretary-Treasurer, San Francisco Building and Construction Trades Council

*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, 2023. Economic impact data is in 2022 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 collect at 202-331-8055. Investors should read the current prospectus carefully before investing.