MASSACHUSETTS HOUSING INITIATIVEBack to Initiatives
This initiative was launched in 2007 with a focus of increasing the availability of affordable housing in this high-cost state. After its launch in 2007, the HIT met its initial three-year investment goal of $75 million by early 2010 and has continued to invest in affordable housing projects in the Commonwealth.
MASSACHUSETTS ECONOMIC IMPACT OF INVESTMENTS
Number of Projects
HIT Investment Amount
Building America NMTC Allocation
Total Development Cost
Housing Units Created or Preserved
Total Economic Impact
Hours of Construction Work Generated
Total Jobs Created
State, Local and Federal Tax Revenue Generated
Low-and Moderate-Income Housing Units
When affordable housing and community development projects are undertaken with a focus on creating sustainable development and utilizing responsible contractors who provide their workforce with middle-class, family-supporting jobs, the Commonwealth as a whole benefits. Investing pension capital with an eye toward improving the economic outcomes for all our residents is the true definition of responsible investment.—Frank Callahan, President,
Massachusetts Building 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, 2022. Economic impact data is in 2021 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.