MIDWEST@WORK INITIATIVE

Back to Initiatives

(2016-PRESENT)

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

(2016-present)

Number of Projects
$B

HIT Investment Amount
$.0M

Building America NMTC Allocation
$B

Total Development Cost
Housing Units Created or Preserved

$B

Total Economic Impact
.0M

Hours of Construction Work Generated
Total Jobs Created
$M

State, Local and Federal Tax Revenue Generated
Low-and Moderate-Income Housing Units
(57% affordable)

Midwest@Work Investments

Peregrine Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $55.7 million new construction of Peregrine Apartments in Minneapolis, MN. Located along the Mississi... View

Wilder Square The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $33.1 million “tenant in place” substantial rehabilitation of Wilder Square in St. Paul, MN. View

American Cooperative of Anoka The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $34.7 million new construction of The American Cooperative of Anoka (“American Cooperative”) located ... 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

Old Cedar The AFL-CIO Housing Investment Trust (HIT) is helping to finance the $19.2 million construction of Old Cedar, a 68-unit, affordable property located in Bloomington, Minne... View

Zvago Cooperative at Lake Superi... The four-story project will create 51 new units of senior housing overlooking Lake Superior. View

Church + State (Project 29) The 11- story and 5-story project will create 158 new units of housing along with a parking garage both near the Cuyahoga River and the city’s main business district. 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

Sundance at Settler's Ridge This Class A multifamily townhome project consists of 218 units in 23 two-story buildings situated on a 23.2-acre site. In addition to the 23 residential buildings, ther... View

Gateway Northeast The AFL-CIO Housing Investment Trust (HIT) is financing the $38.7 million new construction of the Gateway Northeast development in Minneapolis, MN. View

Wrigleyville North Apartments The AFL-CIO Housing Investment Trust (HIT) is helping to finance this $40.9 million new construction project. It's a seven-story, mixed-income/mixed-use development loc... View

Northpoint Apartments The AFL-CIO Housing Investment Trust (HIT) is helping finance the $86.8 million substantial rehabilitation of the scattered site Northpoint Apartments in Chicago, Illinoi... View

Pinzone Towers The AFL-CIO Housing Investment Trust (HIT) is providing approximately $6.6 million of the $12.6 million needed for the substantial rehabilitation of the Pinzone Towers Ap... View

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

Midwest@Work 1Q22

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, 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.