Chicago

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Economic Impact of HIT-Financed Projects in CHICAGO

In 2023 Dollars, Since Inception*

Projects
$B

HIT Investment Amount
$M

Building America NMTC Allocation
$B

Total Development Cost
Housing Units Created or Preserved
(69% affordable)

$B

Total Economic Impact
M

Hours of Union Construction Work
Total Jobs Across Industries
$B

Total Wages and Benefits
$M

State and Local Tax Revenue Generated

HIT @ WORK IN CHICAGO

Chicago Investments

Heiwa Terrace Apartments The AFL-CIO Housing Investment Trust is helping to finance the $68.4 million substantial rehabilitation of Heiwa Terrace Apartments , a senior affordable housing developm... View

Gateway Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $50.4 million development of Gateway Apartments, located in Chicago’s dynamic Illinois Medical Distri... View

Circle Park The AFL-CIO Housing Investment Trust is helping to finance the $163.8 million substantial renovation of the Circle Park Apartments, located between the University of Illi... View

We appreciate HIT’s commitment to and support of union construction at numerous projects that have put our members to work in the Chicago area for nearly 30 years and recognize the benefits this commitment has provided to the workers and the community.”
—Michael Macellaio, Secretary-Treasurer, Chicago and Cook County Building 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.