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Economic Impact of HIT-Financed Projects in the Bay Area

In 2019 Dollars, Since Inception*

  • Projects
  • $M

    HIT Investment Amount
  • $M

    Total Development Cost

  • Housing Units Created or Preserved
  • M

    Hours of Union Construction Work

  • Total Jobs Across Industries
  • $M

    Total Wages and Benefits
  • $M

    State and Local Tax Revenue Generated
  • $B

    Total Economic Impact
  • %

    Percent Affordable

HIT @ WORK IN THE BAY AREA

Bay Area Investments
Civic This project is construction of a 13-story residential building with 162 mixed-income rental units and an underground parking garage in San Francisco’s Central Market nei... View
Rincon Green at 333 Harrison The $150 million project involved construction of a new 326-unit rental complex at 333 Harrison Street in San Francisco’s Rincon Hill neighborhood in the South of Market ... View
Potrero Launch Apartments The $80.4 million Potrero Launch mixed-use complex in San Francisco’s Central Waterfront community includes 196 rental housing units, 39 of which are reserved for low-inc... 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
Arc Light Apartments The Arc Light Apartments project was a $48 million conversion of a historic commercial building in San Francisco’s South Beach neighborhood into a multifamily development... 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.”

—Tim Paulson, Executive Director, San Francisco Labor Council
Helping Build Bay Area—The Union Way

Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and subsidiary Building America project data. The data is current as of March 31, 2020. Economic impact data is in 2019 dollars and all other figures are nominal.

Investors should consider the HIT’s investment objectives, risks and expenses carefully before investing. A prospectus containing more complete information may be obtained from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055 or by viewing the HIT’s website at www.aflcio-hit.com. The prospectus should be read carefully before investing.