Economic Impact of HIT-Financed Projects in Boston

In 2019 Dollars, Since Inception*

  • Projects

  • $M

    HIT Investment Amount

  • $.0M

    Building America NMTC Allocation

  • $B

    Total Development Cost

  • Housing Units Created or Preserved

  • M

    Hours of Union Construction Work

  • Total Jobs Across Industries

  • $B

    Total Wages and Benefits

  • $M

    State and Local Tax Revenue Generated

  • $B

    Total Economic Impact


Boston Investments
Charlesview Apartments The Charlesview Apartments project created a new 240-unit affordable rental housing complex in Boston’s Brighton neighborhood. View
Franklin Park Franklin Park Apartments is comprised of 220 scattered-site residential units and four commercial storefronts located on 12 land parcels in Boston’s Dorchester and Roxbur... View
Gateway North Gateway North is a $31 million new construction, mixed-income, and mixed-use multifamily development. View
Maverick Landing The AFL-CIO Housing Investment Trust (HIT) helped cities such as Boston replace run-down and outdated public housing projects with new, revitalized developments under HUD... View
Old Colony Phase Three A The development will be for two four-story elevator buildings comprised of 135 apartments, including 108 public housing units financed with 4% Low Income Housing Tax Cre... View
95 Saint Alphonsus Street Apartm... The six story project will create 115 new units of housing with 13% of those units affordable to families earning 70% or less of the Area Median Income under the City’s I... View
Cote Village The AFL-CIO Housing Investment Trust (HIT) is providing financing for the $49 million development of Cote Village located in Boston, MA. View

When union pension capital is invested in construction projects built with 100% union labor and creating affordable housing, we are investing in ourselves while addressing a critical community need.”

—Brian Doherty, Secretary-Treasurer, Building and Construction Trades Council of Metropolitan Boston

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, 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. Investors may view the HIT’s current prospectus, which contains more complete information, on its website at 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.