BAY AREA INITIATIVE

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(2020 – Present)

In its multifaceted Bay Area Investment Initiative, launched on Labor Day 2020, the HIT is making up to $500 million available to finance affordable, workforce and market-rate housing in the high-cost San Francisco Bay area. By working with local unions, investors, community groups, the public sector, low income tax credit equity investors, financing partners and for-profit and nonprofit real estate developers, the HIT expects to leverage an additional $500 million of investments from these other sources as part of its five-year Initiative.

Bay Area Economic Impact of Investments

(2020 – Present)

Number of Projects
$M

HIT Investment Amount
$M

Total Development Cost
Housing Units Created or Preserved
Low and Moderate Income Housing Units

$M

Total Economic Impact
M

Hours of Construction Work Generated
Total Jobs Created
$.0M

State, Local and Federal Tax Revenue Generated
%

Percent Affordable

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 March 31, 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.