BAY AREA INITIATIVE

Back to Initiatives

(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

  • %

    Percent Affordable

  • $M

    Total Economic Impact

  • M

    Hours of Construction Work Generated

  • Total Jobs Created

  • $M

    State, Local and Federal Tax Revenue Generated

  • Low and Moderate Income Housing Units

Bay Area Investments
53 Colton Street The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $52.5 million construction of 53 Colton Street. Located in San Francisco’s South of Market neighborho... 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
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
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
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
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

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, 2021. Economic impact data is in 2020 dollars and all other figures are nominal.

The performance data quoted represents past performance and is no guarantee of future results. Investment results and principal value will fluctuate so that units in the HIT, when redeemed, may be worth more or less than the original cost. The HIT’s current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available from the HIT’s website at www.aflcio-hit.com. Gross performance figures do not reflect the deduction of HIT expenses. Net performance figures reflect the deduction of HIT expenses and are the performance figures investors experience in the HIT. Information about HIT expenses can be found on page 1 of the HIT’s current prospectus. Periods over one year are annualized.

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.