MIDWEST@WORK INITIATIVEBack to Initiatives
The HIT launched this initiative in early 2016 to spur economic development in the industrial Midwest with the goal of investing $1 billion by 2023. After exceeding this goal ahead of schedule, the HIT has now doubled its target and aims to invest $2 billion by 2025. The initiative’s footprint includes the states that border the Great Lakes, from Upstate New York to Minnesota. Ten metropolitan areas – Buffalo, Chicago, Cleveland, Columbus, Detroit, Minneapolis, Milwaukee, Pittsburgh, St. Louis, and St. Paul – are the focus of investment.
MIDWEST@WORK 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
The AFL-CIO HIT’s MidWest@ Work Investment Strategy will offer families a critical lifeline, and our country will be stronger and healthier because of its visionary hopes for America’s distressed Midwest. I am happy to support the Housing Investment Trust’s dreams for America’s families.—Liz Shuler, President, AFL-CIO;
Trustee, AFL-CIO Housing Investment Trust
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.