Economic Impact of HIT-Financed Projects in CHICAGO

In 2019 Dollars, Since Inception*

  • Projects

  • $M

    HIT Investment Amount

  • $M

    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

HIT @ WORK IN CHICAGO

Chicago Investments
30 East Adams Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $49.8 million adaptive reuse of a former office building into the 30 East Adams Apartments, a 176-uni... View
Lake Village East The AFL-CIO Housing Investment Trust helped to finance the $25 million substantial rehabilitation of Lake Village East, a mixed-income apartment complex in the Kenwood co... View
Lathrop Homes Phase IA Julia C. Lathrop Homes is the $176 million redevelopment of a former 925-unit Chicago Housing Authority public housing complex. View
Mark Twain SRO Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $39.9 million new construction of the Mark Twain SRO Apartments development in Chicago, IL. View
Montclare Sr. Residences The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $25.4 million new construction of the Montclare Sr. Residences of Englewood development in Chicago, I... 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 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 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.