Bay Area
Back to Key MarketsEconomic Impact of HIT-Financed Projects in the Bay Area
In 2023 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
-
$.0B
Total Wages and Benefits
-
$.0M
State and Local Tax Revenue Generated
-
%
Percent Affordable
HIT @ WORK IN THE BAY AREA
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, 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.